wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Chapter 5: The Banking System

Total questions: 30

Worksheet time: 30mins

Name
Class
Date
1.

A demand deposit account on which checks are drawn.

a)

checking account

b)

savings account

c)

bank account

d)

debit card

2.

A written order to a bank to pay a stated amount to a person.

a)

deposit slip

b)

debit card

c)

check

d)

withdrawal

3.

A tool used to track checking account transactions.

a)

bank reconciliation

b)

checkbook register

c)

debit card

d)

check

4.

Money added to a checking account.

a)

deposit

b)

check

c)

ATM card

d)

debit card

5.

Taking money from your account.

a)

deposit

b)

endorsement

c)

check register

d)

withdrawal

6.

A check written with a date that will occur in the future.

a)

postdated check

b)

checking account

c)

check endorsement

d)

paycheck

7.

A card used to withdrawal or deduct money from your checking account.

a)

check

b)

credit card

c)

debit card

d)

check card

8.

A signature written on the back of a check.

a)

electronic deposit

b)

deposit

c)

check register

d)

endorsement

9.

The use of a computer-based system to move funds from the drawer's account to the payee's account.

a)

bank reconciliation

b)

electronic funds transfer

c)

endorsement

d)

ATM

10.

The process of adjusting checkbook and bank balances so that they agree.

a)

bank endorsement

b)

check register

c)

bank reconciliation

d)

electronic funds transfer

11.

A demand deposit account designed for the accumulation of money in a safe place for future use.

a)

money market account

b)

checking account

c)

US savings bond

d)

saving account

12.

Sum of money set aside on which interest is paid.

a)

principal

b)

interest

c)

savings

d)

annuity

13.

Interest computed on principal once during a certain time period.

a)

interest

b)

simple interest

c)

compound interest

d)

saving interest

14.

Interest earned on both principal and previously earned interest.

a)

interest

b)

simple interest

c)

compound interest

d)

saving interest

15.

A fixed amount set aside on a regular basis over time.

a)

interest

b)

annuity

c)

principal

d)

bond

16.

A quick formula for computing how long it will take to double money invested.

a)

Rule of 72

b)

P R T

c)

CD

d)

future value

17.

A saving account that earns the market rate of interest on the money deposited.

a)

savings bond account

b)

checking account

c)

savings account

d)

money market account

18.

A time deposit that pays a fixed rate of interest for a specified length of time.

a)

savings bond

b)

certificate of deposit

c)

savings account

d)

money market account

19.

A discount bond issued by the federal government.

a)

discount bond

b)

premium bond

c)

US savings bond

d)

corporate bond

20.

A bond's future value as stated on its face.

a)

maturity value

b)

principal

c)

interest

d)

premium

21.

A secure container located in a bank vault.

a)

savings box

b)

safe deposit box

c)

money order

d)

saving account

22.

A bank service to temporarily cover a shortage in your account.

a)

overdraft protection

b)

bounced check

c)

floating check

d)

money order

23.

An instruction to the bank to not honor a check.

a)

stop payment

b)

bounced check

c)

cashier check

d)

floating check

24.

A check issued against the bank's funds.

a)

money order

b)

cashier check

c)

bounced check

d)

floating check

25.

A type of check used to pay bills or make payments for which the money its guaranteed.

a)

cashier check

b)

floating check

c)

bounced check

d)

money order

26.

Assessing and managing your account online.

a)

save banking

b)

overdraft banking

c)

internet banking

d)

inactive banking

27.

A card that contains a computer chip that store electronic money.

a)

discount card

b)

smart card

c)

value card

d)

loyalty card

28.

A check not honored by a bank and is returned to the payee's bank due to non-sufficient funds.

a)

money order

b)

cashier check

c)

bounced check

d)

floating check

29.

A checking or savings account that does not meet minimum usage requirements.

a)

checking account

b)

internet account

c)

saving account

d)

inactive account

30.

Writing a check and planning to make a deposit later to cover it before the check is processed.

a)

bounced check

b)

floating check

c)

cashier check

d)

money order