WorksheetsBanking
Total questions: 20
Worksheet time: 10mins
What is a check that appears on your bank statement called?
outstanding check
cleared check
bounced check
good check
What is it called to make the bank statement and the check register agree?
contract
review
reconcile
check
What is a financial statement owned by its members called?
bank
depository
money place
credit union
What is a deposit that does NOT appear on the bank statement called?
outstanding deposit
bad deposit
good deposit
cleared deposit
What is the fee called when there is not enough money in your checking account to cover the check?
bad check
fee
overdraft
good check
What is a check that does not appear on the bank statement called?
good check
outstanding check
cleared check
bad check
What is a financial institution owned by shareholders called?
bank
credit union
money place
depository
What do you fill out when you want to put money in the bank?
check
deposit slip
ticket
form
What is a check that appears on a bank statement called?
bad check
good check
cleared check
outstanding check
Which type of account is easiest to access?
CD
Checking Account
Savings Account
Money market account
Which of the following pays the highest interest rate?
CD
savings account
checking account
money market account
Usin the Rule of 72, how long would it take for money to double at an 8 percent interest rate?
9 years
72 years
8 years
18 years
Using the rule of 72, how long would it take for your money to double at a 4 percent interest rate?
18 years
4 years
9 years
36 years
Writing only your name on the back of a check is called which type of endorsement?
Blank Endorsement
Special Endorsement
Restrictive Endorsement
Plain Endorsement
Signing the back of a check, along with the words "For Deposit Only" is which type of endorsement?
Blank
Restrictive
Special
Good
A document where you record all checks and deposits and debit transactions for a checking account is called a
check register
bank statement
bank form
deposit slip
Liquidity is
the ability to access cash quickly
the ability to pay on line
the ability to have your money in the bank insured
the ability to access your bank records
Interest earned on interest is called
compound interest
double interest
interest on fire
complicated interest
All money in financial institutions insured by FDIC is insured for up to which amount?
100,000
10,000
250,000
25,000
A service you can buy where the bank keeps your valuables safe is
safe deposit box
vault
box of safety
safety chamber
