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WorksheetsBanking
Total questions: 25
Worksheet time: 15mins
Which type of check endorsement begins with "For deposit only to account No. 123456........."?
blank
special/full
transfer
restrictive
Which type of check endorsement would consist of an individual's signature only.
blank
restrictive
special/full
When writing a check, it is a good idea to use
pencil
erasable pen
blue or black ink pen
red pen
Another name for an overdraft fee is non-sufficient funds.
true
false
The drawer is the person writing check.
True
False
The payee is the financial institution the check is written on.
True
False
Which of the following insures checking accounts at both a bank and a credit union? (you must choose more than one) HINT: there are two correct answers
NCUA
FDIC
FTIC
NAACP
The only time you need to sign a deposit slip is when you are getting cash back after a deposit.
True
False
Which part of the check is the least important?
memo line
signature line
routing numbers
check number
You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money?
Compounding 1 time per year
Compounding quarterly
Compounding monthly
Compouding daily
When it comes to saving money, what is a good rule of thumb?
Keep most of your savings in your checking account
Put aside money for savings each month
Choose the savings account with the lowest interest rate
Put anything you can't afford on your credit card
What of the following is true? Bank... (more than 1 answer)
is a financial institution
is a financial intermediary
is a private business and is not regulated
connects customers that have capital deficits to customers with capital surpluses
accepts deposits and channels those deposits into lending activities
What is "interest"?
Direct deposit
Specialized savings
Rate earned, compounding method, fee charged.
What is online banking?
Banking services that requires your signature.
Banking through online services.
Banking through Google Chrome.
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.
