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Gr 7 Finance Unit 2 Review

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

How does a person "bounce a check"?

a)

Deposits more than the amount in the account

b)

writes a check or more than the charged amount

c)

writes a check for more than what's in the account

2.

Deposit means to

a)

take money out of an account

b)

put money into an account

c)

withdraw

3.

Money taken out of an account means to withdraw.

a)

true

b)

false

4.

Checking accounts are safe and convenient.

a)

false

b)

true

5.

A common account used for deposits and withdraws.

a)

savings

b)

checking

c)

CD

6.

Most checking accounts do NOT

a)

have fees

b)

allow for deposits and withdraws

c)

pay interest

7.

A check and a debit card typically use the same bank account

a)

True

b)

False

8.

Checks and debit cards are linked to which account for frequent withdraws and deposits.

a)

checking

b)

savings

c)

401K

9.

FDIC and NCUA are

a)

savings plans

b)

insurances for your money in a financial institution

c)

are made up words

10.

Scanning a check using your phone and depositing it into you bank account is an example of

a)

ATM

b)

E- Banking

c)

Mobile Banking

11.

A machine with 24 hour access to your accounts for cash, deposits and withdraws.

a)

E- Banking

b)

ATM

c)

Mobile Banking

12.

Provides 24 access to accounts online with the ability to do all your banking with no paper involved

a)

Mobile banking

b)

ATM

c)

E- Banking

13.

Legal document that functions like cash

a)

debit card

b)

credit card

c)

check

14.

E- banking does NOT provide

a)

face to face interaction with employees

b)

24 hour access

c)

worldwide access to funds

d)

deposit, withdraws and bill payments

e)

transfer money between accounts

15.

Keep your bank account information and PIN in your purse or wallet

a)

true

b)

false

16.

ALL ATM charge a fee.

a)

true

b)

false

17.

You should sign the back of debit and credit cards and write "see ID".

a)

true

b)

false

18.

A report that lists each monetary transaction and the current account balance is

a)

401K

b)

monthly statement

c)

deposit slip

d)

receipt