Quiz on Financial Documents

A legal document that functions like cash.

• Check

• Credit card

• Debit card

Used to withdraw cash.

• ATM card

• Credit card

• Check

All transactions including deposits, checks, debit card purchases, additional fees, and ATM use should be recorded here immediately after completion.

• Checkbook Register

• Deposit Slip

• Receipt

When a check is written for an amount over the current balance held in an account.

• Overdraft

• Insufficient funds

• Balance transfer

A small paper form that a bank customer includes when depositing funds into a bank account.

• Deposit slip

• Withdrawal form

• Check

Taking money out of your account.

• Withdrawal

• Deposit

• Transfer

A word meaning "to sign."

• Endorse

• Authenticate

• Verify

This type of bank account is used for managing money and makes paying bills more conveniently.

• Checking account

• Savings account

This type of bank account is best for growing (or stashing) your money.

• Checking account

• Savings account

Brynn just started her first job and needs a way to manage her daily financial transactions. What is the purpose of a Checking Account for Brynn?

• To invest money for long-term growth.

• To make cash withdrawals, deposits, purchases, and pay everyday expenses and bills.

• To save money with high interest rates.

• To borrow funds for large purchases.