WorksheetsEnd of Quarter Review 2
Total questions: 15
Worksheet time: 8mins
A credit union is a corporation, owned by stockholders.
True
False
Taking money out of your account is called a:
Deposit
Withdrawal
This type of account allows you to deposit money intended for future use:
Checking Account
Savings Account
This fee is charged when your account does not have enough money in it to cover a payment:
Stop Payment
Overdraft Protection
Insufficient Funds
Monthly Service Fee
This service is offered by your financial institution and will move money from one bank account to another to cover incoming charges for a small fee:
Stop Payment
Overdraft Protection
Insufficient Funds
Interest
The central banking system of the United States is:
The U.S. Treasury
The U.S. Mint
The Federal Reserve
Bank of America
The unique set of numbers that identifies a person's individual account at a financial institution is called the routing number.
True
False
Which type of financial institution is a cooperative, owned by its members who share a common interest:
Bank
Credit Union
Which type of financial institution is usually larger, with more locations among many states?
Bank
Credit Union
Which of the following types of accounts is the only one in which your money is "locked in," or unavailable for you to use for a certain period of time?
Money Market
Checking Account
Savings Account
Certificate of Deposit
Which of the following can you do at an ATM machine?
Withdraw cash
Check your balance
Transfer funds
All of the above
On a transaction register, "deposit" can also be listed as which term?
Debit
Credit
A "Currency Transaction Report" is filled out for cash deposits and withdrawals in excess of what amount?
$1,000
$5,000
$10,000
$100,000
Which type of interest grows quicker over time?
Simple Interest
Compound Interest
What protects an individual's funds at a financial institution in the even that company goes out of business?
Interest
Overdraft Protection
Deposit Insurance
Retirement Accounts
