WorksheetsBanking
Total questions: 45
Worksheet time: 34mins
Name
Class
Date
1.
What is the starting balance on this check register?
a)
4720.33
b)
4500.00
c)
4500.75
d)
4320.00
2.
What was the balance of the account at the end of the day on 7/24?
a)
4720.33
b)
4320.03
c)
5091.15
d)
4500.75
3.
What happened on 7/5?
a)
a paycheck was deposited
b)
check #164 was written
c)
nothing
d)
the balance went up
4.
What should be written on line 2?
a)
the date
b)
the amount of the check
c)
who the check is going to
d)
your signature
5.
What should be written on line 5?
a)
the date
b)
the amount of the check
c)
reminder/memo
d)
your signature
6.
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
7.
For this type of card, if you spend more money than what's in your account, you will charged an overdraft fee for each transaction.
a)
credit card
b)
debit card
c)
both
d)
none of these
8.
This card allows you to pay later.
a)
credit card
b)
debit card
c)
both
d)
none of these
9.
This card has rewards.
a)
credit
b)
debit
c)
both
d)
neither
10.
This card affects your credit score.
a)
credit card
b)
both
c)
debit card
d)
neither
11.
If this card is stolen, the thieves can drain your account.
a)
credit card
b)
both
c)
debit card
d)
neither
12.
This is the maximum amount you are allowed to carry as a balance on the card.
a)
interest
b)
ARP
c)
credit limit
d)
all of these
13.
Rosa's gas pump went out as she was driving her car to work. Since she did not have enough money to cover the cost to replace the pump, she used a card that allowed her to pay later. What card did she use?
a)
Debit Card
b)
Credit Card
14.
Eric purchased a movie ticket with his card. This money will come out straight from his checking account. What card did he use?
a)
Debit Card
b)
Credit Card
15.
If the card is lost or stolen, report immediately.
a)
Debit Card
b)
Credit Card
c)
Debit Card & Credit Card
16.
A PIN (Personal Identification Number) is required to make a purchase.
a)
Debit Card
b)
Credit Card
17.
Hefty fees may be charged if you spend more than what is in the account.
a)
Debit Card
b)
Credit Card
18.
Joleen bought a new helmet from the bike shop. She will receive her bill at the end of the month. Which type of card did she use?
a)
Debit Card
b)
Credit Card
19.
What is it called when you move money from one bank to another?
a)
Withdrawal
b)
Transfer
c)
Deposit
d)
All of the above
20.
What is a card issued by a bank allowing the holder to transfer money electronically when making a purchase?
a)
Debit Card
b)
Credit Card
c)
Checkbook
d)
Pre-Paid Card
21.
What is a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit?
a)
Credit Card
b)
Debit Card
c)
Checkbook
d)
Santa's Wish List
22.
The balance in your account is $500. You then deposit $23 into your account and spend $40. What is your new balance?
a)
$437
b)
$483
c)
$523
d)
$540
23.
What is the balance on 6/25?
a)
1,177.80
b)
1,000.00
c)
1,157.80
d)
320.55
24.
to take money out of the bank
a)
Deposit
b)
Overdraw
c)
Withdraw
d)
Balance
25.
to take more money out of your account than is available
a)
Overdraw
b)
Deposit
c)
Withdraw
d)
Balance
26.
money which your bank account earns
a)
Balance
b)
Checking
c)
Savings
d)
Interest
27.
unchanging rate of interest
a)
Variable Interest Rate
b)
Savings
c)
Fixed interest rate
d)
Interest
28.
rate of interest which changes regularly
a)
Fixed Interest Rate
b)
Savings
c)
Interest
d)
Variable Interest Rate
29.
Which is not a factor you would consider when looking for a Bank or Credit union?
a)
Location
b)
Looks
c)
Free Checking
d)
Services
30.
to put money in the bank
a)
Deposit
b)
Withdraw
c)
Overdraw
d)
Balance
31.
Required amount of money in account
a)
Maximum Balances
b)
Minimum Balance
c)
Minimum Deposit
d)
Maximum Deposit
32.
Monthly statement fee, Per check fee, and Debit card (ATM) fee are examples of what?
a)
Charges
b)
Credits
c)
Service Fees
d)
Debits
33.
Minimum amount of money required to open account
a)
Maximum Deposit
b)
Minimum Balance
c)
Maximum Balance
d)
Minimum Deposit
34.
Fee for sending money electronically from another bank
a)
Service Fee
b)
Overdraft Fee
c)
Late Fee
d)
Wire Transfer Fee
35.
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
36.
What is a written order to a bank to pay a certain amount of money from a checking account to another person or business?
a)
Transaction
b)
Loan
c)
Check
d)
Debit card
37.
What is a card that allows the holder to buy goods and services by taking out a bank loan?
a)
Credit card
b)
Debit card
c)
Credit union
d)
Loan
38.
What is a card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services?
a)
Credit card
b)
Debit card
c)
ATM (automated teller machine)
d)
Check
39.
What is money borrowed that must be repaid, usually with interest?
a)
Loan
b)
Check
c)
Checking account
d)
Debit card
40.
What is a service that allows customers to perform banking activities using the Internet?
a)
ATM (automated teller machine)
b)
Safe deposit box
c)
Online banking
d)
Debit card
41.
What is an account that usually earns interest and is often used to hold money that is not needed right away?
a)
Checking account
b)
Savings account
c)
Loan
d)
Transaction
42.
money subtracted from an account
a)
withdrawal
b)
deposit
c)
transfer
d)
balance
43.
money owed
a)
balance
b)
overdraft fee
c)
loan
d)
debt
44.
a written record of checks, debits, fees, withdrawals, and deposits for a checking account; it keeps track of money going in and out of a checking account
a)
check register
b)
transaction
c)
debit card
d)
overdraft protection
45.
What is a machine that allows bank customers to deposit or withdraw money without visiting their bank?
a)
ATM (automated teller machine)
b)
Safe deposit box
c)
Credit card
d)
Certificate of deposit (CD)
100 %
