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WorksheetsCheck YoSelf Banking Quiz
Total questions: 25
Worksheet time: 12mins
Name
Class
Date
1.
These are non- profit cooperative institutions owned by their members.
a)
Commercial Banks
b)
Credit Union
c)
Depository Institutions
d)
Federal Reserve Bank
2.
True or false: The first set of numbers at the bottom of a check is the account number
a)
True
b)
False
3.
Their primary focus is providing loans and mortgages to customers.
a)
Commercial Bank
b)
Credit Union
c)
Savings and Loan Association
d)
Interest Rare
4.
A term that is used to determine which party should be responsible for damage occurring to products after a service transaction has been completed, but prior to delivery.
a)
Risk of Loss
b)
Interest
c)
Interest Rate
5.
__________________________ are ownership, represented by shares in a corporation.
a)
Bonds
b)
Stocks
c)
Interest
d)
Loan
6.
A share account is also known as a checking account
a)
True
b)
False
7.
All of these can be found on your personal check except
a)
Check holder Name
b)
Check holder's social security number
c)
Bank's address
d)
Check holder's address
8.
True or False: The check number appears 3 times on a personal check
a)
True
b)
False
9.
This is a ______________.
a)
Personal Check
b)
Deposit Slip
c)
Check Register
10.
When you want cashback from your deposit , you should?
a)
Highlight the amount for the bank teller
b)
Circle the account number and total
c)
Sign the "sign here " line and subtract it to the deposit
d)
Sign the "sign here " line and add it to the deposit
11.
The memo line is for
a)
the date the check should be cashed
b)
a note or reminder of the reason for the check
c)
you sign your name
d)
the check cashier signs
12.
A check written for $12,369.25 look like this is written out
a)
Twelve thousand, three hundred and sixty-nine and 25/100
b)
12,000+300+60+9 and .25
c)
Twelve thosand, three hunded and sixty-nine and 25/100
13.
Check 21 allows the check writer to bounce checks.
a)
True
b)
False
14.
Money borrowed and paid back with interest
a)
Bank Rate
b)
Loan
c)
Account
d)
Debit
15.
NCUA is Federal government agency which protects depository institution accounts.
a)
True
b)
False
16.
There are ____ Federal Reserve Bank in the US
a)
9
b)
12
c)
15
d)
20
17.
When you debit your bank account, you are __________.
a)
adding money to the account
b)
deducting from the account.
18.
The percentage used annually to calculate the total interest either gained or lost from an account supplied by a depository institution.
a)
Loan Rate
b)
Interest Rate
c)
Bank Rate
d)
Credit Rate
19.
The line after the numeric amount is written out on the check is a necessary placeholder.
a)
True
b)
False
20.
The pay to the order line on a check is for
a)
Depository Institutions name
b)
The name of the person or business to whom the check is being written
c)
The amount of the check
d)
a note to the check holder
21.
1+1=
a)
11
b)
2
c)
1
d)
0
22.
Financial counseling is information and advice given to customers to help them make financial decisions
a)
True
b)
False
23.
A business which offers multiple services in banking and finance.
a)
Commercial Bank
b)
Savings and loan Association
c)
Depository Institutions
d)
Credit Union
24.
Full- service institutions because they offer a wide variety of services.
a)
Depository Institutions
b)
Commercial Bank
c)
Credit Union
d)
Federal Reserve Bank
25.
A blank endorsement is the most secure than a special endorsement.
a)
True
b)
False
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