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WorksheetsChecking/Education Unit Review
Total questions: 35
Worksheet time: 3hrs 55mins
Texarkana College is a ______.
college
university
trade school
work-study program
Grants are another term for loans.
True
False
Technical schools are considered "Institutions of Higher Learning".
True
False
When thinking about post-secondary education, _____ should become a consideration.
the amount of time involved
the total cost
class sizes
all of these
All internships are paid and are for an unlimited amount of time.
True
False
To be in the Federal Work-Study Program, _____.
you just need to want a part-time job while going to college
you must work for the federal government when you graduate from college
you must have financial need and work in the area you are majoring in
you have to be a federal agent
A master's degree in the Business field is called a _____.
MBUS
MS
MBA
MBF
The following is true for a Subsidized Student Loan . . .
the student is responsible for all accrued interest beginning from when the loan was taken out.
the government pays the accrued interest while the student is in college.
the parents must pay for the accrued interest while the student is in college.
the accrued interest is forgiven once the student graduates and finds employment.
M.D. stands for ___________.
Doctor of Medicine
Master's Degree
Medical Doctorate Degree
None of these
Doctoral degrees are offered at the following (check all that apply):
Colleges
Universities
Community/Junior Colleges
All of the above
When reconciling your bank statement, you must always place a check mark in your checkbook next to the amount that is listed on the bank statement.
True
False
The amount for #9 on the image should be the same as . . .
the ending balance in your checkbook register.
the amount listed as #1 on the image.
the amount listed as #2 on the image.
none of these
What should be entered for #8 on the image?
the total of #3 (on the image)
the total of #5 (on the image)
the total of checks written in October
none of these
What amount should be entered for #7 on the image?
428.32
0.00
275.38
the total of deposits for October not showing on the bank statement
What should be entered in #6 on the image?
Beginning Balance (#1)
Ending Balance (#2)
Ending Balance from your Checkbook
None of these
What should be entered in the Checks Outstanding section (#5 on the image)?
the checks you wrote for the month of October
the checks listed in the Checking Summary on the bank statement
the checks you wrote for the month of October, plus any other checks in prior months, that have not cleared the bank (not on the bank statement)
none of the above
The Service Charge (#4 on the image) should be . . .
entered on the top line of your checkbook register.
added as a deposit at the end of the month.
entered as a "check outstanding".
subtracted from your checkbook register at the end of the month.
The Checking Summary (#3 on the image) represents . . .
the checks that have "cleared" the bank.
the checks that are outstanding.
the only checks that you wrote for the month of October.
all of the above
The Ending Balance (#2 on the image) should be the same as your checkbook balance (for the end of October).
True
False
The Beginning Balance (#1 on the image) represents . . .
the amount you deposited to open the account.
the amount when you began your bank reconciliation for the month.
the ending balance for the month of September.
none of these
How would you write $502.78 in words on a check?
Five-o-two and 78/100
Five hundred two dollars and 78 cents
Five hundred, two and 78/100
All of these are correct
How would you write $1,136.00 in words?
Eleven hundred thirty six dollars
One thousand, one hundred thirty-six and 00/100
Eleven hundred, thirty-six and no/100
None of these
How would you write $25.12 in words on a check?
Twenty-five dollars and 12 cents
Twenty-five and 12/100------
Twenty-five and twelve cents
All of these
How would you write $168.00 in words?
One hundred, sixty-eight and no/100
One hundred sixty-eight
One sixty-eight and 00/100
None of these
How would you write $47.52 in words on a check?
Fourty-seven and 52/100---
Forty-seven fifty-two---
Forty-seven and 52/100----
None of these
When should you endorse a check that was written to you?
As soon as you get it.
Never -- just leave it blank.
When you are inside the bank or sitting in the bank drive-thru line.
None of these
How often should you reconcile your bank statement?
Once a year.
Once every six months.
Once a month.
Never
What should you do if your checks are lost or stolen?
Notify the bank immediately.
Close your bank account.
File a police report.
Wait and see if they turn up.
Which of the following is a restrictive endorsement?
Pay to the order of ABC Savings and Loan
Chandler Bing
For Deposit Only Chandler Bing
None of the above
Which of the following is a blank endorsement?
Pay to the order of ABC Savings and Loan
Chandler Bing
For Deposit Only Chandler Bing
None of the above
Which line represents Chandler Bing's bank account number?
9
10
11
none of these
How should you sign a check when you write one?
Use your full name, either printed or in cursive.
You may use a nickname as long as it is in cursive.
Use your full legal name and it must be in cursive.
You can just use your initials.
What color ink should checks be written in?
Any color, it doesn't matter as long as it isn't pencil.
Blue only
Black only
Blue or Black are fine
How should the legal line be written correctly?
Fifty dollars
Fifty and no/100-------
50.00
None of these
Which line represents the routing number?
9
10
11
12
