WorksheetsChecking & Savings Accounts E Banking Quiz
Total questions: 10
Worksheet time: 3hrs 30mins
Name
Class
Date
1.
True or False: There are four steps to opening a checking and savings account?
a)
True
b)
False
2.
The main goal of savings account is to _________________
a)
Spurge
b)
Spend
c)
Save
d)
Sing
3.
Safe deposit boxes are located in _______________ and ________________.
a)
Banks & Credit Unions
b)
Banks & Wells Fargo
c)
Post Office & Banks
d)
None of the above
4.
Legal documents that function like cash are called_________.
a)
Cash
b)
Money Market Account
c)
Checks
d)
Savings Account
5.
Money must stay in this type of savings account for a SET PERIOD OF TIME. It is called a ___________________.
a)
Custodial Account
b)
Money Market Account
c)
Savings Account
d)
Certificate of Deposit
6.
True or False: The FDIC covers your safe deposit box?
a)
True
b)
False
7.
Card used to deduct funds immediately from your checking account is a ______________________.
a)
EBT Card
b)
Amazon Card
c)
Debit Card
d)
Gift Card
8.
Mr. Bradford and his wife are thinking about opening an account for their daughter Taylor who just turned one. What type of account can they open for their daughter?
a)
Custodial Account
b)
Savings Account
c)
Certificate of Deposit
d)
Money Market Account
9.
True or False: You DON'T need your ID when opening a checking or savings account.
a)
False
b)
True
10.
Another word for Electronic Banking is called ___________________________.
a)
A Banking
b)
Internet Banking
c)
E Banking
d)
Checking Account Banking
100 %
