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WorksheetsCheckbook Review
Total questions: 18
Worksheet time: 15mins
Name
Class
Date
1.
What is the starting balance on this check register?
a)
4720.33
b)
4500.00
c)
4500.75
d)
4320.00
2.
When you write a check from your checking account, the amount of the check will be ______ from your account.
a)
added
added
added
b)
subtracted
subtracted
subtracted
c)
multiplied
multiplied
multiplied
d)
divided
3.
What do I write when I want to cancel a check?
a)
Null
b)
Void
c)
Balance
d)
Nevermind
4.
What is another name for the total in your checking account?
a)
deposit
b)
void
c)
withdrawal
d)
balance
5.
What should be written on line 2?
a)
the date
b)
the amount of the check
c)
who the check is going to
d)
your signature
6.
The first set of numbers at the bottom of your check are called
a)
check routing numbers.
b)
checking account numbers.
c)
deposit numbers.
d)
banking numbers.
7.
In which format would you write the amount of the check in the small space that starts with the dollar sign?
a)
100.00
b)
One hundred dollars and no/100
c)
100 dollars and 00 cents
d)
One hundred dollars and no cents.
8.
A debit card
a)
is the same as a credit card.
b)
charges interest on all transactions.
c)
is the same as a check, only in a plastic form.
d)
is similar to a check, but delays payments like a credit card.
9.
Reconciling a bank statement is used to
a)
find your daily account balance.
b)
write down all transactions with your account.
c)
determine if there are any discrepancies in your records.
d)
track all fees paid to your financial institution.
10.
What should be written on line 6?
a)
the date
b)
the amount of the check
c)
who the check is going to
d)
your signature
11.
The bank issued card that deducts money directly from the checking account is
a)
debit card
b)
credit card
c)
savings account
d)
money market
12.
The payer/payor is
a)
one who receives payment
b)
one who pays the payment
c)
the one who cashes in
13.
The ________ is at the top right corner of the check.
a)
Endorser
b)
Date
c)
check number
d)
what it is for
14.
The ________ is found at the bottom right corner of the check.
a)
date
b)
check number
c)
payer/payor
d)
for
15.
The ________ is found at the bottom right corner of the check.
a)
date
b)
check number
c)
payer/payor
d)
for
16.
The routing number is found at the ____ ____ of the check.
a)
bottom left
b)
bottom right
c)
top right
d)
top left
17.
All transactions including deposits, checks, debit card purchases, additional fees, and ATM use should be recorded here immediately after completion.
a)
Check Register
b)
Checkbook
c)
Debit Card App
d)
A piece of paper you keep safe
18.
A checking account is also called a demand deposit account because the account holder may withdraw money on demand or write checks on the account any time.
a)
True
b)
False
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