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WorksheetsBanking Review
Total questions: 17
Worksheet time: 9mins
What is a bank?
A business where you can shop
An institution that prints money
A financial institution that protects your money until you need it
A container for money
Which of the following is an advantage of having a checking account?
You have a permanent record of transactions
You can earn interest on your money
You don't have to carry large sums of cash
All of the above
What is a savings account?
An account that lets you shop without cash
An account that gives you money to buy what you want
An account that keeps your money safe and earns money for you
An account that buys from the stock market
How do you open a bank account?
Call to tell the bank you want an account
Fill out an application
Mail your money to a bank
Fill out a withdrawal slip
What is the term for putting money into an account?
Investment
Interest
Deposit
Withdrawal
What is the term for any activity on a checking or savings account?
Credit
Transaction
Account
Register
Which of the following is a reason for the bank to file a service charge?
Too little money
Too many transactions
Overdrawing your account
All of the above
What is the money paid to you by the bank for keeping money in a checking or savings account called?
Credit
Commodities
Interest
Loans
Which of the following interest rates is the best one to have on your savings account?
6.00%
5.75%
5.50%
5.25%
What type of account can have more than one person use it?
Two party account
Joint account
Combination account
Double account
What is the lowest balance that you are allowed to have in your account called?
Account Number
Balance
Minimum Deposit
Minimum Balance
Which is the term for banking on the computer?
Online banking
Keyboard banking
Teller banking
Plug in banking
Which of the following is a section to be completed on a check?
“Pay to the order of”
“Date”
“Amount in words”
All of the above
Where do you endorse a check?
Front
Back
Side
None of the above
After you write a check or make a deposit in your checking account, where should you enter the transaction?
Checkbook Register
Income Tax Return
Savings Book
Piggy Bank
What is the term for comparing your checkbook register against your bank statement?
Balance
Ledger
Open your account
Reconcile
If you lose a check, what should you do?
Call the bank immediately
Not worry about it since no one will probably find it either
Move your account to another bank
None of the above
