Banking Knowledge Quiz

To get a debit card, you must have proof of address.

• True

• False

One advantage of ATMs is they provide 24-hour services.

• True

• False

In savings accounts, your money grows over time.

• True

• False

In checking accounts, you are allowed to use checks.

• True

• False

Both checking and savings accounts use debit cards.

• True

• False

Banking safeguards money owned by other individuals.

• True

• False

One disadvantage of ATMs is difficulty of use.

• True

• False

ATMs only allow you to withdraw money.

• True

• False

Checking accounts allow you to collect interest.

• True

• False

Checks serve as evidence that a transaction did occur.

• True

• False