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Dave Ramsey Chapter 8 Banking

Authored by Wayground Content

Business

12th Grade

Used 5+ times

Dave Ramsey Chapter 8 Banking
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money put into a financial account

extraction

contraction

deposit

withdrawal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "unbanked" refer to?

Financial institutions that do not offer savings accounts.

People who have online banking accounts only.

People who don't have bank accounts.

Banks that are not insured by the government.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a bank statement?

A sum of money deposited into an account

A monthly record of account transactions sent to you by your bank

The industry involved in conducting financial transactions

A check that has not yet been deducted from the person's bank account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It's a good idea to pick a bank that has a lot of ATM locations & a banking app?

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a sum of money deposited into an account

debit

withdrawl

credit

leave it

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often should you monitor you bank account?

Once a month

Once a year

Twice a week

When convenient

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to endorse a check?

To balance a checking account with your monthly bank statement

To sign your name on the back for deposit or on the front when writing it

To transfer funds electronically from a debit card

To write a check without sufficient funds in the account

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