Banking Unit Review

Banking Unit Review

9th Grade

53 Qs

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Banking Unit Review

Banking Unit Review

Assessment

Quiz

Life Skills

9th Grade

Practice Problem

Hard

Created by

Kim Carter

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53 questions

Show all answers

1.

DRAG AND DROP QUESTION

1 min • 1 pt

To avoid frequent trips to the bank, many people use a(n) ​ (a)  
 to withdraw cash or check their account ​ (b)   .

ATM
balance
deposit
online bill pay
direct deposit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n) ______ shows all the transactions in your account and is typically sent to you once a month.

bank statement

invoice

receipt

checkbook

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an ATM?

A type of bank account

(automatic teller money)

A machine for automated transactions

(automated teller machine)

A financial institution

A type of currency

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Balance in banking terms?

The amount of money in a bank account

A type of loan offered by banks

A financial statement

An interest rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ____________ shows all the transactions in your bank account and is typically sent to you once a month.

bank statement
monthly report
account summary
transaction history

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Bank Statement is:

a document that summarizes the financial transactions of an account over a specified period.

a legal document that certifies the ownership of a property.

a report that provides information about the weather conditions.

a certificate that confirms the completion of a course.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Certificate of Deposit (CD) is:

a type of savings account with a fixed interest rate and fixed date of withdrawal.

a type of loan offered by banks to individuals.

an investment in the stock market.

a government bond with a variable interest rate.

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