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WorksheetsBanking Terms (1)
Total questions: 20
Worksheet time: 12mins
This is a sequence consisting of NINE numbers used by banks to identify specific financial institutions within the US:
ABA Number (Check routing number)
Check number
Check account number
Memo
What is a Check Cashing Fee?
A monthly bill for writing checks
Money charged for using an ATM
An amount charged to individuals in order to cash a check
Money withdrawn for writing a check
What is a Cash Loan based on?
What banks a person gives business to
The creditworthiness of someone
Collateral given for the loan
How often someone deposits money into their bank account
A Bank Statement contains the following:
How many loans a bank has given in a year
How many days a year the bank is open
When the bank transferred money
A list of transactions of someone's bank account
If a person wants to keep a personal record of their checking account, they need to have a what:
Check Register
Check Stub
Bank Statement
Economic Record
A person who gets in legal trouble for using checks unlawfully is committing:
Robbery
Check Fraud
Loss of creditworthiness
Bank Fraud
Amelia receives a card from her financial institution that allows to her use an ATM for depositing and withdrawing money, checking her account information, and more. Amelia has a what?
ATM Card
Savings Account
Debit Card
Cash Card
Credit Card
A Check Cashing Center provides service to someone who DOES NOT have a:
Savings Account
ATM Card
Bank Account
Checking Account
Todd goes to a bank in order to get a Car Loan so he can buy a car. What is he going to give the bank as collateral?
Savings account
Car title
Real estate
His wedding ring
Every time Angela receives her paycheck, it comes with a list of information attached about where her money came from and other things such as tax deductions. The part of the check containing this information is a:
Check Stub
Check Number
Check Register
Certified Check
Which type of account allows your deposited money to be withdrawn at any time by writing a check?
Savings Account
Certificate of Deposit
Certified Cash Account
Checking Account
A loan where an asset stands good for the loan and is not based off of the borrower's creditworthiness is a:
Car Loan
Collateralized Loan
Cash Loan
Mortgage Loan
A bank that provides financial services to businesses is a:
Commercial Bank
Credit Union
Business Bank
Industrial Bank
What does a Checking Account Number identify?
A particular check
The primary identifier for ownership of an account
What bank the account is with
What date the check was written
This is a check guaranteed by a bank:
Certified Check
Cashiers Check
ATM Check
Certificate of Deposit
A Certificate of Deposit is money deposited for a set period of time that earns a set annual rate of interest.
True
False
Reggie decides to set up an Automatic Bill Pay Service in order to:
To be able to use an ATM
To have his money transferred at a predetermined date to pay a recurring bill
To automatically pay the bank for loans
To have the bank take money from his paycheck and put it directly into a savings account
When filling out her checkbook, Sarah writes down numbers for each individual check to be able to identify that particular check if she needs to. The numbers she writes down make up the:
ATM Card Number
ABA Number
Checking Account Number
Check Number
A check that is drawn by a bank on its own funds and signed by an authorized officer of the bank is a:
Cashiers Check
Collateralized Check
Certified Check
Certificate of Deposit
A business or financial institution that stores and manages money for individuals and other businesses:
ATM
Bank
Credit Union
Check Cashing Center
