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WorksheetsGr 7 Finance Unit 2 Review
Total questions: 18
Worksheet time: 9mins
How does a person "bounce a check"?
Deposits more than the amount in the account
writes a check or more than the charged amount
writes a check for more than what's in the account
Deposit means to
take money out of an account
put money into an account
withdraw
Money taken out of an account means to withdraw.
true
false
Checking accounts are safe and convenient.
false
true
A common account used for deposits and withdraws.
savings
checking
CD
Most checking accounts do NOT
have fees
allow for deposits and withdraws
pay interest
A check and a debit card typically use the same bank account
True
False
Checks and debit cards are linked to which account for frequent withdraws and deposits.
checking
savings
401K
FDIC and NCUA are
savings plans
insurances for your money in a financial institution
are made up words
Scanning a check using your phone and depositing it into you bank account is an example of
ATM
E- Banking
Mobile Banking
A machine with 24 hour access to your accounts for cash, deposits and withdraws.
E- Banking
ATM
Mobile Banking
Provides 24 access to accounts online with the ability to do all your banking with no paper involved
Mobile banking
ATM
E- Banking
Legal document that functions like cash
debit card
credit card
check
E- banking does NOT provide
face to face interaction with employees
24 hour access
worldwide access to funds
deposit, withdraws and bill payments
transfer money between accounts
Keep your bank account information and PIN in your purse or wallet
true
false
ALL ATM charge a fee.
true
false
You should sign the back of debit and credit cards and write "see ID".
true
false
A report that lists each monetary transaction and the current account balance is
401K
monthly statement
deposit slip
receipt
