Money Management TEST

Accounts that allow you to withdraw a sum of money by writing a check or using a debit card are:

• Checking accounts
• Savings Accounts
• Credit accounts
• Money market accounts

These offer the flexibility of banking at any time, located in convenient locations are:

• Commercial banks
• Savings and loan associations
• Account statements
• Automated teller machines

A check written when there is not enough money in the account to cover it.

• Reconcile
• Statement
• Overdraft
• Direct deposit

Accounts that pay various amounts of interest are:

• Checking accounts
• Savings accounts
• Credit accounts
• Money market accounts

Signing you name on the back of a check is called:

• Reconciling
• Endorsing
• Saving
• Investing

A monthly, bi-monthly or quarterly summary of a checking account is:

• Account statement
• Automated teller machine
• Endorsement
• Overdraft

A method of transferring money into an account through electronic means is a:

• Direct deposit
• Electronic banking
• Overdraft
• Automated banking

The process of comparing the account statement or register to make sure they match is:

• Endorsing
• Reconciling
• Electronic banking
• Loans

A common advantage of using credit is:

• able to buy needed items now
• lower cost for items purchased
• use an ATM several times a month
• request to view her or his credit file

Utility companies commonly offer ____ credit.

• revolving.
• single payment.
• installment.
• retail.