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WorksheetsChecking & Saving Accounts
Total questions: 20
Worksheet time: 20mins
Name
Class
Date
1.
This account allows you to deposit money at a bank for safekeeping.
a)
Saving Account
b)
Checking Account
c)
Bill Account
d)
Casino Account
2.
This is the cost of using some other person's or bank's money.
a)
Interest
b)
Bill
c)
Principal
d)
Credit
3.
This account allows you to withdraw money, pay a bill, or make purchases easily.
a)
Checking Account
b)
Savings Account
c)
Market Money Account
d)
CD Account
4.
This is a written request to your bank to take money from your account & pay it to someone else.
a)
Check
b)
Telephone Call
c)
Text
d)
Email
5.
This allows you to withdraw cash from your account or make payments electronically.
a)
Debit Card
b)
Loan Account
c)
Signature Card
d)
Payday card
6.
The action enters money into an account.
a)
Deposit
b)
Withdrawal
c)
Loan
d)
Deduction
7.
This action removes money from an account, either at the bank or an ATM.
a)
Withdrawal
b)
Deposit
c)
Loan
d)
Credit
8.
This transaction removes funds from your account.
a)
Debit
b)
Credit
c)
Loan
d)
Deposit
9.
This action includes deposits or additions to your accounts.
a)
Credit
b)
Debit
c)
Loan
d)
Withdrawal
10.
This action allows movement of funds from one account to another.
a)
Transfer
b)
Debit
c)
Credit
d)
Loan
11.
Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just deposited.
This will result in which of the following fees?
This will result in which of the following fees?
a)
overdraft fees
b)
service fees
c)
atm fees
d)
over spending fee
12.
Cruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just deposited.
This will result in which of the following fees?
This will result in which of the following fees?
a)
overdraft fees
b)
service fees
c)
atm fees
d)
None of the above
13.
Sherwood Bennett, who has a checking account at Big Bucks Bank, is writing a check to Cassie Porter, who has a checking account at Lots a Loot Bank.
What should be written on the "Pay to the order of" line of the check?
What should be written on the "Pay to the order of" line of the check?
a)
Big Bucks Bank
b)
Cassie Porter
c)
Lots a Loot Bank
d)
Sherwood Bennett
14.
At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?
a)
$1620.38
b)
$1510.06
c)
$1485.06
d)
$787.10
15.
The number of a checking account is also known as the:
a)
Pin Number
b)
Social Security Number
c)
Routing number
d)
Account Number
16.
The checking account fees for Banks A, B, C, and D are shown in the table:
If a customer writes 26 checks per month, which bank will charge him the least in fees
If a customer writes 26 checks per month, which bank will charge him the least in fees
a)
Bank A
b)
Bank B
c)
Bank C
d)
Bank D
17.
Which of the following is not considered a credit?
a)
Overdraft Fee
b)
Interest Earned
c)
Direct Deposit
d)
ATM Withdrawal
18.
Which of the following is not considered a debit?
a)
Online Bill Payment
b)
Check Cashed
c)
Interest Earned
d)
ATM Withdrawal
19.
Which of the following is not considered a credit?
a)
Overdraft Fee
b)
Interest Earned
c)
Direct Deposit
d)
ATM Withdrawal
20.
The interest rate on a CD is __________ than that on a regular savings account.
a)
Lower
b)
Higher
c)
Same
d)
Does not earn interest
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