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WorksheetsBanking
Total questions: 29
Worksheet time: 25mins
Name
Class
Date
1.
To take money out of the bank
a)
Deposit
b)
Overdraw
c)
Withdraw
d)
Balance
2.
To take more money out of your account than is available
a)
Overdraw
b)
Deposit
c)
Withdraw
d)
Balance
3.
Money which your bank account earns
a)
Balance
b)
Checking
c)
Savings
d)
Interest
4.
Unchanging rate of interest
a)
Variable Interest Rate
b)
Savings
c)
Fixed interest rate
d)
Interest
5.
Rate of interest which changes regularly
a)
Fixed Interest Rate
b)
Savings
c)
Interest
d)
Variable Interest Rate
6.
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
7.
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
8.
What are the two types of accounts available at banks and credit unions?
a)
Checking and Savings
b)
Checking and Loans
c)
Savings and Loans
d)
Debit and Credit
9.
To put money in the bank
a)
Deposit
b)
Withdraw
c)
Overdraw
d)
Balance
10.
Required amount of money in account
a)
Maximum Balances
b)
Minimum Balance
c)
Minimum Deposit
d)
Maximum Deposit
11.
Monthly statement fee, per check fee, and Debit card (ATM) fee are examples of what?
a)
Charges
b)
Credits
c)
Service Fees
d)
Debits
12.
Minimum amount of money required to open account
a)
Maximum Deposit
b)
Minimum Balance
c)
Maximum Balance
d)
Minimum Deposit
13.
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
14.
U.S. government agency which insures your bank account up to $250,000
a)
IRS Protection
b)
DHS Protection
c)
FDIC Protection
d)
SS Protection
15.
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
16.
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
17.
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.
18.
The phrase used for putting money into a savings account is:
a)
Verifying the account
b)
Balancing the account
c)
Making a deposit
d)
Making a withdrawal
19.
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
20.
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
21.
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
22.
All ATM machines charge a fee to use them.
a)
True
b)
False
23.
The amount of money in your account
a)
DEPOSIT
b)
BENJAMINS
c)
BALANCE
d)
DOLLARS
24.
When your employer automatically deposits your paycheck into your bank account
a)
DEPOSIT
b)
PAYROLL CHECK
c)
ATM
d)
DIRECT DEPOSIT
25.
Monthly report that states your transactions and balance
a)
WALL STREET JOURNAL
b)
BANK STATEMENT
c)
SCHOOL STATEMENT
d)
CHECKING REPORT
26.
E-banking allows 24 hour access to bank accounts.
a)
True
b)
False
27.
Memorize the PIN number and keep it in your wallet.
a)
True
b)
False
28.
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
29.
A legal document that functions like cash.
a)
Check
b)
ATM
c)
Deposit slip
d)
PIN
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