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WorksheetsBank Account Review
Total questions: 26
Worksheet time: 31mins
Name
Class
Date
1.
A _____ is used to add funds to a bank account
a)
deposit slip
b)
signature card
c)
check
d)
check register
2.
Which of the following refers to the payee's signature on the back of the check?
a)
signature card
b)
check register
c)
endorsement
d)
bank statement
3.
Money taken out of your checking account.
a)
withdrawal
b)
stop payment
c)
endorsement
d)
outstanding
4.
You _________ your account when you write checks for more money than you ahve in the bank.
a)
debit card
b)
service fee
c)
overdraw
d)
deposit
5.
What is a debit card?
a)
it's like a check but comes out of your account automatically
b)
It's more convenient than a check
c)
Your use your PIN number to make purchases
d)
all of the above
6.
How old do you have to be to open a checking account?
a)
12
b)
18
c)
2
d)
16
7.
Your checking account balance is $100. You deposit your birthday money of $200 and use your debit card to buy a $75 outfit. What is your new balance?
a)
$225
b)
$275
c)
$375
d)
none of the above
8.
A password or identification number entered to use a debit card.
a)
ATM
b)
PIN
c)
Date
d)
Verification Number
9.
The three digit code found on the back of a debit card in the signature area.
a)
Account Number
b)
Expiration Date
c)
Authorization Signiture
d)
Verification Number
10.
The line of the bottom left of each check that provides a place to write the purpose of the check is called
a)
a signature line
b)
the date line
c)
the written amount of the check
d)
the memo line
11.
The person or company to whom the check is made payable to is called the
a)
maker
b)
payee
c)
endorsee
d)
check holder
12.
If you make a mistake when writing a check, write this on it and use a different check.
a)
cancel
b)
for deposit only
c)
no good
d)
void
13.
When endorsing a check and including the phrase "For Deposit Only" and sign your name, what type of endorsement did you use?
a)
restrictive
b)
blank
c)
special
d)
for deposit only
14.
The FDIC insures checking account deposits in banks up to $______________ per depositor per bank.
a)
$100,000
b)
$150,000
c)
$250,000
d)
$1,000,000
15.
You purchased new headphones at Best Buy. Where on the check would you write "Best Buy"?
a)
2
b)
3
c)
5
d)
7
16.
In order for a check to be vaild, you must sign the check. Where do you sign your name when writing a check?
a)
2
b)
4
c)
5
d)
7
17.
What type of endorsement did Sally Smith use?
a)
Special
b)
Blank
c)
Restrictive
d)
Conditional
18.
When you put your money in a savings account, the bank rewards you by adding a small amount of extra money to the account called__________
a)
Deposit
b)
Monetary Incentive
c)
Endorsements
d)
Interest
19.
Your friend is opening a savings account and asked for your advice. Which account would give your friend the best interest rate on a savings account?
a)
Savings account with an interest ratge of 1%
b)
Savings account with an interest rate of 5%
20.
____________ is a service that automatically transfers money from a linked account that you select, such as a savings or credit account, when you don’t have enough money in your checking account to pay your transactions.
a)
Transaction limits
b)
Overdraft protection
c)
Online banking
d)
Limited Balance Protection
21.
When opening a checking account, you need to bring at least two forms of identification. Which of the following would NOT be accepted by a bank as a form of ID?
a)
Birth Certificate
b)
Social Security Card
c)
Library Card
d)
Student ID
22.
What is the card verification number on this debit card?
a)
1850
b)
671
23.
What does the symbol next to # 5 represent
a)
The bank the debit card is linked to
b)
Visa or Mastercard
c)
The security company that protects the bank
d)
The brand of ATM's you can use with this card
24.
If you are at the bank, you would use this space to write the amount of cash you would like to get back from the checks you are depositing.
a)
Subtotal
b)
Less cash received
c)
Total
d)
Cash
25.
This allows you to withdraw cash from your account or make payments electronically.
a)
Debit Card
b)
Loan Account
c)
Signature Card
d)
Payday card
26.
What should be written on line 6?
a)
the date
b)
the amount of the check
c)
who the check is going to
d)
your signature
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