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WorksheetsMoney Managment Basics
Total questions: 10
Worksheet time: 5mins
Credit union and bank accounts are insured up to $250K per depositor.
True
False
It isn’t necessary to record your transactions in a check register because you can check your account balance online.
True
False
The term “balance your checkbook” means to take all of the receipts in your wallet and record them in your check register
True
False
Since most transactions are carried out with debit cards, it is not necessary to reconcile between your bank statement and your checkbook each month.
True
False
Maintaining a system of thorough record keeping is essential for sound money management.
True
False
Balancing your checkbook will help you to detect errors in your checkbook.
True
False
Since banks and credit unions use elaborate software and computer systems, it is impossible for a bank or credit union to make mistakes when handling customer accounts.
true
false
In making hiring decisions, some employers pull the credit history of job candidates.
true
fasle
When people do not own a checking account, they have more control over their money.
true
false
Consistently saving a small sum of money on a regular basis will not yield much of a result.
true
false
