
Understanding the Banking System

Passage
•
Business
•
11th Grade
•
Easy
Cory Benson
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 sec • 20 pts
Which of the following is a type of bank account?
Checking Account
Credit Card
Loan
Mortgage
2.
MATCH QUESTION
30 sec • 1 pt
Match the following types of accounts with their descriptions: Savings Account, Certificate of Deposit (CD), Money Market Savings Account.
C
Fixed interest rate for a specified term
B
Offers higher interest rates with limited transactions
A
Allows frequent deposits and withdrawals.
3.
DRAG AND DROP QUESTION
30 sec • 1 pt
A (a) account allows you to write checks and make payments directly from the account.
Savings
Checking
Certificate of Deposit
Money Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ATM and Debit Cards are used for:
Depositing money
Withdrawing cash
Applying for loans
Opening new accounts.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one key difference between debit cards and credit cards?
Debit cards allow you to borrow money from the bank.
Credit cards require you to have money in your account.
Debit cards require you to have money in your account.
Credit cards do not have a spending limit.
6.
MATCH QUESTION
30 sec • 1 pt
Match the following terms with their definitions:
The act of signing the back of a check to approve it for deposit or cashing.
Endorsement
The process of filling out a check to make a payment.
Deposit Slip
A document used to deposit money into a bank account.
Accessing Your Money
Methods to withdraw or use funds from your bank account.
Writing Checks
7.
DRAG AND DROP QUESTION
30 sec • 1 pt
When depositing money, you need to fill out a (a) . A) Check B) Deposit Slip C) Endorsement D) Credit Card
Check
Deposit Slip
Endorsement
Credit Card
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