Banking Basics Math Review Quiz

What was the beginning balance on 05/01/25?

• $750.00

• $506.21

• $0.00

• $1250.00

How much was deposited from Social Services?

• $500.00

• $650.00

• $750.00

• $250.00

What is the new balance after the deposit is added to the beginning balance?

• $506.21

• $1000.00

• $1256.21

• $750.00

What is the purpose of the "Deposits" column?

• To list the money you spend

• To list the money you receive

• To record your account number

• To list bills you owe

What should you write in the “Description” column if you receive money from Social Services?

• Rent Payment

• Social Services Benefit

• Grocery Shopping

• Withdrawal

What kind of transaction is $750.00 from Social Services?

• Withdrawal

• Deposit

• Fee

• Purchase

If you had $1256.21 and withdrew $100.00, what would your balance be?

• $1156.21

• $1256.00

• $1000.21

• $1056.21

Which of the following is not part of the account register?

• Description

• Withdrawals

• Credit Card

• Balance

What tool helps you keep track of your bank account?

• Calendar

• Account Register

• Shopping List

• Text Message

If your balance was $506.21 and you deposited $750.00, which math operation did you use to find the new balance?

• Subtraction

• Addition

• Multiplication

• Division