NEW
Font size
S
M
L
XL
WorksheetsBanking
Total questions: 35
Worksheet time: 27mins
Name
Class
Date
1.
to put money in the bank
a)
Deposit
b)
Withdraw
c)
Overdraw
d)
Balance
2.
to take money out of the bank
a)
Deposit
b)
Overdraw
c)
Withdraw
d)
Balance
3.
to take more money out of your account than is available
a)
Overdraw
b)
Deposit
c)
Withdraw
d)
Balance
4.
money which your bank account earns
a)
Balance
b)
Checking
c)
Savings
d)
Interest
5.
Required amount of money in account
a)
Maximum Balances
b)
Minimum Balance
c)
Minimum Deposit
d)
Maximum Deposit
6.
Monthly statement fee, Per check fee, and Debit card (ATM) fee are examples of what?
a)
Charges
b)
Credits
c)
Service Fees
d)
Debits
7.
Minimum amount of money required to open account
a)
Maximum Deposit
b)
Minimum Balance
c)
Maximum Balance
d)
Minimum Deposit
8.
Protects you from overdrawing your account. Money is automatically taken from your savings account if you write a check or make an ATM withdrawal for too much money.
a)
Withdraw Protection
b)
Overdraft Protection
c)
Blanket protection
d)
Maximum Protection
9.
U.S. government agency which insures your bank account up to $100,000
a)
IRS Protection
b)
DHS Protection
c)
FDIC Protection
d)
SS Protection
10.
Fee for writing a check for “bouncing a check” (writing it for more money than is in your account)
a)
Nonsufficient Funds Fee
b)
Withdraw Fee
c)
Service Fee
d)
ATM Fee
11.
Which is a difference between Banks and Credit Unions?
a)
Banks have Checking accounts and Credit Unions have Savings Accounts
b)
Banks are for profit. Credit Unions are Non-profit.
c)
Banks can give loans and Credit Unions cannot
d)
Credit Unions allow everyone to join and Banks are selective
12.
Banks create money by taking in deposits, making _______ and charging _______
a)
interest, payments
b)
loans, interest
c)
payments, loans
d)
debt, loans
13.
Banks pay savers ___________ for keeping their money in the bank.
a)
interest
b)
taxes
c)
loans
d)
labor
14.
When must you sign a deposit slip?
a)
when you receive cash back
b)
when you deposit any amount of cash
c)
when you deposit more than $100
d)
when you deposit more than $10,000
15.
The memo line on a check is . . .
a)
Where you sign your name
b)
Optional
c)
Where you should write the amount
d)
Where you should write the check number
16.
If you have $500,000 dollars, what would be the best way to deposit your money to make sure it is insured by the FDIC?
a)
Deposit all $500,000 in an NCUA insured Credit Union
b)
Deposit $250,000 in one FDIC insured Bank and $250,000 in a separate FDIC insured bank.
c)
Deposit $400,000 in an a checking account at a FDIC insured Bank and $100,000 in a NCUA insured Credit Union.
d)
Deposit all $500,000 in a checking account at a FDIC insured Bank
17.
Which type of account functions like a savings account but requires higher deposits to open and maintain the account?
a)
Certificate of Deposit
b)
Super Savings Account
c)
FDIC Savings Account
d)
Money Market Account
18.
The process of bringing your checkbook register into agreement with the bank statement.
a)
Withdrawal
b)
Deposit
c)
Reconciliation
d)
Endorsement
19.
A common financial service used by many consumers. They can help to manage money and make paying bills more convenient.
a)
Reconciling
b)
Check
c)
Checking Account
d)
PIN
20.
Debit cards require using this to access the account to perform transactions.
a)
ATM
b)
PIN
c)
Check register
d)
Checking account
21.
Used to withdraw cash or make deposits.
a)
Debit card
b)
PIN
c)
ATM
d)
Check register
22.
Contains the account holder's account number and allows money (cash or check) to be deposited into the correct account.
a)
Deposit slip
b)
Check register
c)
Debit card
d)
PIN
23.
A legal document that functions like cash.
a)
Check
b)
ATM
c)
Deposit slip
d)
PIN
24.
All transactions including deposits, checks, debit card purchases, additional fees, and ATM use should be recorded here immediately after completion.
a)
Deposit slip
b)
Check register
c)
Debit card
d)
Check
25.
The FDIC and NCUA insure an account up to $250,000.
a)
True
b)
False
26.
E-banking allows 24 hour access to bank accounts.
a)
True
b)
False
27.
when your employer automatically deposits your paycheck into your bank account
a)
DEPOSIT
b)
PAYROLL CHECK
c)
ATM
d)
DIRECT DEPOSIT
28.
monthly BANK report that states your transactions and balance
a)
WALL STREET JOURNAL
b)
BANK STATEMENT
c)
SCHOOL STAEMENT
d)
CHECKING REPORT
29.
The amount of money in your account
a)
Deposit
b)
Benjamins
c)
Balance
d)
Dollars
30.
A person is depositing $20 in cash and a check for $50. On the checking account deposit slip, the person should
a)
include the reason that both cash and a check are being deposited.
b)
indicate what bank issued the check that is being deposited.
c)
indicate the amount of money that is currently in the checking account as well as in a savings account to cover the check.
d)
list the cash deposit separately from the check as well as the total of the deposit.
31.
A blank endorsement on a check:
a)
Has no effect on the check
b)
Cancels the check
c)
Creates a check that can be cashed by anyone
d)
Restricts the use of the check
32.
How is the amount written on a check?
a)
IN WORDS
b)
IN NUMBERS
c)
IN WORDS AND NUMBERS
d)
IN $$$ SIGNS
33.
What is the purpose of FDIC?
a)
insure peoples bank accounts
b)
insure a persons loan
c)
allows high credit limits
d)
watches a persons credit score
34.
All ATM machines charge a fee to use them.
a)
True
b)
False
35.
Troy has $50 a month transferred electronically from his checking account to his savings account. This is an example of:
a)
An installment payment
b)
A savings plan
c)
An ATM transaction
d)
A debit card transaction
Reset
