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Banking Unit Review

Authored by Melanie Wood

Business

10th Grade

Used 5+ times

Banking Unit Review
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32 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

ATM, balance

loan, interest

credit, limit

deposit, statement

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

credit card statement

loan statement

mortgage statement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your savings grow by earning __________________________ , which is paid out as a percentage of your savings balance.

interest

tax

debt

penalty

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n) __________________________ is linked directly to your checking account and can be used to withdraw money or make purchases.

debit card

credit card

gift card

prepaid card

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many employers offer __________________________ , which electronically transfers your paycheck directly into your bank account.

direct deposit

paper check

cash withdrawal

credit transfer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________________________ protects your deposits in the bank up to $250,000 in case the bank fails.

FDIC insurance

Life insurance

Social Security

Credit card protection

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some banks charge a(n) __________________________ each month just to keep your checking or savings account open.

maintenance fee

interest rate

overdraft penalty

deposit slip

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