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WorksheetsChecking Accounts (Ch 4)
Total questions: 20
Worksheet time: 44mins
Name
Class
Date
1.
If you deposited a check for $456.89 at and ATM that has a $4.50 service charge fee for all transactions, what was the total amount deposited?
a)
$452.39
b)
$456.89
c)
$461.39
d)
$460.50
2.
What is the total deposit for $324.75, 15 pennies, 8 nickels, 5 dimes, and 3 quarters?
a)
$325.15
b)
$326.45
c)
$325.95
d)
$326.55
3.
What amount of money do you have if you have 5 pennies, 13 nickels, 14 dimes, 2 quarters, and one 5-dollar bill?
a)
$2.60
b)
$5.75
c)
$7.60
d)
$7.65
4.
Corina Juarez made a deposit to her checking account and received $80 in cash. She did not deposit any coins. The checks she deposited equaled 3 times the currency she deposited. How much did she deposit in checks?
a)
$228.00
b)
$684.00
c)
$912
d)
$752
5.
Which of the following does NOT have to appear on a check?
a)
Date
b)
Dollar amount of check
c)
Social Security Number
d)
Name of person to whom payment will be made
6.
What is the definition of a check?
a)
A deposit account held at a bank that gives you convenient access to your money.
b)
A record of checking account deposits, withdrawals and electronic transfers
c)
A paper document directing a bank to deduct money from your checking account and make a payment to the person named on the check
7.
If Amy Morris had $6,756.02 in her checking account and wrote a check for $543.88, what amount was left in her account?
a)
$7,489.14
b)
$7,299.90
c)
$6,212.14
d)
$6,312.16
8.
Caitlyn Bailey had $4,765.58 in her checking account. If she wrote three checks totaling $867.23 and was charge a $2.45 service, what amount was left in the account?
a)
$3,898.35
b)
$3,895.90
c)
$4,763.13
d)
$3,965.54
9.
Juan Torres had $899.58 in his bank account and made a $12.85 deposit. What amount was in the account after the deposit?
a)
$914.68
b)
$872.85
c)
$886.73
d)
$912.43
10.
Taylor has her monthly paycheck deposited directly to her checking account. She recently received a pay increase and wanted to determine the increase amount. Her previous month's pay was $2,350.75. The checking account shows a previous balance of $1,012.84, checks processed totaling $741.68, ATM withdrawals of $120, and a service charge of $2.75. Taylor's new balance is $2,614.26. What was the increase in pay deposited?
a)
$2,465.85
b)
$115.10
c)
$2,350.75
d)
$125.15
11.
What is the definition of a checking account?
a)
A deposit account held at a bank that gives you convenient access to your money.
b)
A record of checking account deposits, withdrawals and electronic transfers
c)
A paper document directing a bank to deduct money from your checking account and make a payment to the person named on the check
12.
What amount did Kayla Morgan withdraw from her account if she wrote 4 checks of $54.68, $685.45, $93.93 and $76.54.
a)
$855.92
b)
$960.10
c)
$910.60
d)
$255.10
13.
Clare Belk withdrew $43.00 from her bank account that had $1029.93 in it. What amount did she have left?
a)
$986.93
b)
$1072.93
c)
$968.39
d)
$1027.39
14.
What is the formula for determining the total amount of a bank deposit?
a)
Total Deposit = (Currency + Coins) - Cash Received
b)
Total Deposit = (Currency + Coins + Checks) - Cash Received
c)
Total Deposit = Currency + Cash + Coins + Cash Received
d)
Total Deposit = (Currency + Cash + Coins) - Cash Received
15.
What is NOT an advantage of online banking?
a)
Transfer money anytime
b)
Pay bills online
c)
Service Charges
d)
Bank from anywhere
16.
What is the definition of a check register?
a)
A deposit account held at a bank that gives you convenient access to your money.
b)
A record of checking account deposits, withdrawals and electronic transfers
c)
A paper document directing a bank to deduct money from your checking account and make a payment to the person named on the check
17.
Write $1054.23 in word form.
a)
A thousand fifty-four and 23/100
b)
One thousand fifty-four and 23/100
c)
One thousand fifty-five and 13/100
18.
Write the following as a numeral:
Eight hundred ninety-one thousand four hundred thirty-three and 89/100.
Eight hundred ninety-one thousand four hundred thirty-three and 89/100.
a)
$890,433.89
b)
$891,433.89
c)
$891,430.89
19.
Balance = Previous Balance + Deposits - Withdrawals - Service charges + Interest
a)
False
b)
True
20.
Payments, withdrawals and Service Charges are subtracted from your previous balance to get your updated balance.
a)
True
b)
False
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