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Banking

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What is a check that appears on your bank statement called?

a)

outstanding check

b)

cleared check

c)

bounced check

d)

good check

2.

What is it called to make the bank statement and the check register agree?

a)

contract

b)

review

c)

reconcile

d)

check

3.

What is a financial statement owned by its members called?

a)

bank

b)

depository

c)

money place

d)

credit union

4.

What is a deposit that does NOT appear on the bank statement called?

a)

outstanding deposit

b)

bad deposit

c)

good deposit

d)

cleared deposit

5.

What is the fee called when there is not enough money in your checking account to cover the check?

a)

bad check

b)

fee

c)

overdraft

d)

good check

6.

What is a check that does not appear on the bank statement called?

a)

good check

b)

outstanding check

c)

cleared check

d)

bad check

7.

What is a financial institution owned by shareholders called?

a)

bank

b)

credit union

c)

money place

d)

depository

8.

What do you fill out when you want to put money in the bank?

a)

check

b)

deposit slip

c)

ticket

d)

form

9.

What is a check that appears on a bank statement called?

a)

bad check

b)

good check

c)

cleared check

d)

outstanding check

10.

Which type of account is easiest to access?

a)

CD

b)

Checking Account

c)

Savings Account

d)

Money market account

11.

Which of the following pays the highest interest rate?

a)

CD

b)

savings account

c)

checking account

d)

money market account

12.

Usin the Rule of 72, how long would it take for money to double at an 8 percent interest rate?

a)

9 years

b)

72 years

c)

8 years

d)

18 years

13.

Using the rule of 72, how long would it take for your money to double at a 4 percent interest rate?

a)

18 years

b)

4 years

c)

9 years

d)

36 years

14.

Writing only your name on the back of a check is called which type of endorsement?

a)

Blank Endorsement

b)

Special Endorsement

c)

Restrictive Endorsement

d)

Plain Endorsement

15.

Signing the back of a check, along with the words "For Deposit Only" is which type of endorsement?

a)

Blank

b)

Restrictive

c)

Special

d)

Good

16.

A document where you record all checks and deposits and debit transactions for a checking account is called a

a)

check register

b)

bank statement

c)

bank form

d)

deposit slip

17.

Liquidity is

a)

the ability to access cash quickly

b)

the ability to pay on line

c)

the ability to have your money in the bank insured

d)

the ability to access your bank records

18.

Interest earned on interest is called

a)

compound interest

b)

double interest

c)

interest on fire

d)

complicated interest

19.

All money in financial institutions insured by FDIC is insured for up to which amount?

a)

100,000

b)

10,000

c)

250,000

d)

25,000

20.

A service you can buy where the bank keeps your valuables safe is

a)

safe deposit box

b)

vault

c)

box of safety

d)

safety chamber