Money Balance Questions

The balance in your account is $500.  You then deposit $23 into your account.  What is your new balance?

• $500
• $477
• $523
• $23

What does it mean to make a withdrawal?

• Find the amount of money in the account
• Add money to the account
• Subtract money from the account

What does it mean to make a deposit or receive a credit to your account?

• to add money to your account balance
• to subtract money from your account balance

Which of the following situations represents a subtraction from an account?

• Depositing a paycheck
• Receiving a credit to your account
• Paying your cable bill
• checking your account balance

Which of the following represents an addition to your bank account balance?

• Paying your rent
• Receiving a credit to your bank account
• Using your debit card to buy clothes
• Withdrawing money to buy a gift with

You currently have $200 in your bank account. You deposit a paycheck worth $45. How will you determine your new account balance?

• subtract: 200 - 45
• add: 200 + 45
• subtract: 45 - 200
• multiply: 200 x 45

You currently have $130 in your bank account. You need to pay your water bill that is $89. How will you determine your new account balance?

• multiply: 130 x 89
• add: 130 + 89
• subtract: 89 - 130
• subtract: 130 - 89

What is the starting balance on this check register?

• 4720.33
• 4550.00
• 4500.75
• 4320.00

On which day was the balance the highest?

• 7/7
• 7/15
• 7/19
• 7/20

Tommy starts with $40 in his account. On Monday, he gets a paycheck for $50.00 and deposits that into his account. On Tuesday, he pays his cell phone bill which is $35.75. How much money does Tommy have left in his account?

• $40.00
• $90.00
• $14.25
• $54.25