1.1 Checking Accounts

Allison currently has a balance of $2,300 in her checking account. She deposits a $425.33 paycheck, a $20 rebate check, and a personal check for $550 into her checking account. She wants to receive $200 in cash. How much will she have in her account after the transaction?

• $3,095.33

• $3,095.00

• $3,095.67

• $3,095.50

Tags

CCSS.6.NS.B.3

Lizzy has a total of x dollars in her checking account. She makes a deposit of b dollars in cash and two checks each worth c dollars. She would like d dollars in cash from this transaction. She has enough to cover the cash received in her account. Express her new checking account balance after the transaction as an algebraic expression.

• x + b + 2c - d

• x + b + c - d

• x + b + 2c + d

• x + b - 2c - d

Tags

CCSS.HSA-SSE.A.1A

Jackie deposited an $865.98 paycheck, a $623 stock dividend check, a $60 rebate check, and $130 cash into her checking account. Her original account balance was $278.91. Assuming the checks clear, how much will be in her account after the deposits are made?

• $1,957.89

• $1,957.91

• $1,958.89

• $1,958.91

Tags

CCSS.7.NS.A.3

Rich has t dollars in his checking account. On June 3, he deposited w, h, and v dollars and cashed a check that he wrote to himself for k dollars. What is the algebraic expression that represents the amount of money in his account after the transactions?

• t + w + h + v - k

• t - w - h - v + k

• t + w + h + v + k

• t - w - h - v - k

Tags

CCSS.HSA-SSE.A.1A

Determine the balance in his account after the Star Cable Co. check is written.

Tags

CCSS.7.NS.A.3

Ridgewood Savings Bank charges $27 per check overdraft protection fee. On July 8, Nancy had $1,400 in her account. Over the next 4 days, the following checks arrived for payment at her bank: July 9, $1,380.15; July 10, $670 and $95.67; July 11, $130; and July 12, $87.60. How much will she pay in overdraft protection fees? How much will she owe the bank after July 12?

• $54 in fees, $1,063.42 owed

• $81 in fees, $1,090.42 owed

• $108 in fees, $1,071.42 owed

• $135 in fees, $1,144.42 owed

Tags

CCSS.6.NS.B.3

Match the word with the correct definition.

• a record of all transactions in a checking account

• Electronic Funds Transfer

• the account owner

• Checking Account

• an account at a bank that allows a customer to deposit money, make withdrawals, and make transfers from the funds on deposit.

• Automated Teller Machine

• the process of moving funds electronically from an account in one bank to an account in another bank

• Check Register

• the money in a bank account that is not released until the issuing bank of a check pays for a check

• Overdraft Protection

What is the primary purpose of a checking account?

• To earn interest on savings

• To invest in the stock market

• To manage daily financial transactions

• To secure a loan

Which of the following is NOT typically a feature of a checking account?

• Debit card

• Monthly service fees

• High interest rates

• Online banking

John cashed a check for $630. The teller gave him three 50 dollar bills, eighteen 20 dollar bills, and t 10 dollar bills. Determine the value of t.

• 3

• 4

• 12

• 10

Tags

CCSS.3.OA.D.8