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WorksheetsBanking
Total questions: 15
Worksheet time: 8mins
Taking more money out of your account than is available is called?
Overdraw
Deposit
Withdraw
Balance
What is one difference between Banks and Credit Unions?
Banks have Checking accounts and Credit Unions have Savings Accounts
Banks are for profit. Credit Unions are Non-profit.
Banks can give loans and Credit Unions cannot
Credit Unions allow everyone to join and Banks are selective
What is the amount of money required to be stay in an account?
Maximum Balance
Minimum Balance
Minimum Deposit
Maximum Deposit
What do you call the process of bringing your checkbook register into agreement with the bank statement?
Withdrawal
Deposit
Reconciliation
Endorsement
How do financial institutions make most of their money?
Fees
Interest
Mutual Funds
Loan Payments
The tools and strategies the Federal Reserve uses to stabilize the economy is called?
Fiscal Policy
Monetary Policy
Tight Money
Easy Money
Which type of check endorsement begins with "For deposit only to account No. 123456........."?
blank
special/full
transfer
restrictive
What types of loans do you know? (more than one answer)
Savings
Cash credit
overdraft
current
Mortage
Which of the following are services granted by the banks? (more than one answer)
Mobile banking
Net-banking
Collateral
ATM
Safeguarding
What is "interest"?
Direct deposit
Specialized savings
Rate earned, compounding method, fee charged.
How should you write out the amount on a check?
You should write it like "$89.00"
You should write in in words not numbers.
Write the amount in numbers only.
What is a direct deposit?
Electronic cash.
Point of sale transactions.
Earnings automatically deposited in your bank account from a job or government agency.
What is online banking?
Banking services that requires your signature.
Banking through online services.
Banking through Google Chrome.
What are smart cards?
Debit or credit cards with a microchip.
Debit cards you can not steal.
Credit cards.
A check that is older that 6 months old is called a stale check.
true
false
