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WorksheetsPF-Ch3-Budgeting/Banking
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
You can make purchases with an ATM card.
a)
True
b)
False
2.
A debit card is the same as a credit card.
a)
True
b)
False
3.
A check that has not been cleared by the bank is called a(an)
a)
Cancelled check
b)
Outstanding check
c)
Postdated check
d)
Cashier's check
4.
When reconciling your checkbook, outstanding deposits are added to the bank balance.
a)
True
b)
False
5.
It is okay to use an ATM that is not associated with your bank because the fees are very minimal.
a)
True
b)
False
6.
Round $67.899 to the nearest hundredth.
a)
$67.88
b)
$67.89
c)
$67.90
d)
$68.00
7.
Calculate the MEAN: [24, 27, 27, 32, 39]
a)
15
b)
27
c)
29.8
d)
30
8.
$75.99 x 40% = ?
a)
$30.00
b)
$30.39
c)
$30.40
d)
$31.00
9.
The bank will charge you this fee if your checkbook balance goes below zero.
a)
Overdraft
b)
Reconcile
c)
Carbon check
d)
Variable expense
10.
The three parties to a check are:
a)
Drawer, Recipient, Payee
b)
Drawer, Payee, Drawee
c)
Payer, Payee, Drawee
d)
None of these is correct
11.
Which of the following is the correct way to write $197.65 in words on a check.
a)
One hundred and ninty seven & 65/100
b)
One hundred ninety-seven & sixty-five cents
c)
one ninety seven & sixty-five cents
d)
One hundred ninety-seven & 65/100
12.
Most millionaires inherited their money from their family.
a)
True
b)
False
13.
This word means to match your checkbook balance with the bank statement balance.
a)
Outstanding check
b)
Reconcile
c)
Overdraft
d)
Outstanding deposit
14.
a)
In the picture of the check, #5 is the Drawee
b)
In the picture of the check, #5 is the Drawer
c)
In the picture of the check, #5 is the Payee
15.
a)
Item #2 is the Payee
b)
Item #2 is the Drawee
c)
Item #2 is the Drawer
d)
Item #2 is the Payer
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