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WorksheetsBanking 101
Total questions: 10
Worksheet time: 8mins
A pawnshop offers loans to people starting their own business.
True
False
Opening a checking account requires completing a signature card.
True
False
A blank endorsement allows anyone to cash a check.
True
False
A "smart card" stores a person's bank balance right on the plastic card.
True
False
An outstanding check refers to one written on an account with a very low balance.
True
False
The highest loan rates usually occur when borrowing from a:
Bank
credit-card company
pawnshop
credit union
Obtaining cash from an ATM is similar to:
writing a check
making a deposit
opening a new account
earning interest on your account
A _____________ is used to add funds to a bank account
check
deposit slip
signature card
withdrawal slip
A service charge on your bank statement will result in:
a higher balance
a lower balance
earning more interest
more outstanding checks
A recent bank statement for Tracy Gray revealed various service charges and fees of over $10.00. How might Tracy reduce her costs for banking fees?
