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Banking: Checking & Savings Pre-Post Test

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

A bank is a financial institution where you can shop

a)
b)
2.

A checking account is a good way to protect your money.

a)
b)
3.

The only information needed on a bank account application is employer information.

a)
b)
4.

To reconcile your checkbook register, you must add in the deposits and subtract the withdraws.

a)
b)
5.

When filling out a check, you can leave blank spaces.

a)
b)
6.

If you have questions about your account, you should call a bank representative.

a)
b)
7.

The money paid to you by financial institutions so you will keep your money there is called credit.

a)
b)
8.

It is good practice to write down all your deposits and withdraws.

a)
b)
9.

Only one person can write checks and make withdrawals on a joint account.

a)
b)
10.

The only way to access your account is to go into the bank building.

a)
b)
11.

The lower the interest rate, the more money you will earn.

a)
b)
12.

A withdrawal is money that is taken out of your account.

a)
b)
13.

You can be penalized for having too much money in your account.

a)
b)
14.

You enter the checks you write on your income tax return ledger.

a)
b)
15.

The minimum balance is the lowest amount of money you have to keep in your account.

a)
b)