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WorksheetsLesson 2 JA BizTown Checking Accounts
Total questions: 15
Worksheet time: 45mins
Name
Class
Date
1.
Writing a check is one way people withdraw money from a checking account.
a)
True
b)
False
c)
Either
d)
Neither
2.
You must always sign a deposit ticket.
a)
True
b)
False
c)
Either
d)
Neither
3.
If there is not enough money in the account, the bank usually covers the amount for the check holder.
a)
True
b)
False
c)
Either
d)
Neither
4.
All transactions should be recorded in the transaction/check register.
a)
True
b)
False
c)
Either
d)
Neither
5.
A paycheck and a personal check are the same thing.
a)
True
b)
False
c)
Either
d)
Neither
6.
What is the starting balance on this check register?
a)
4720.33
b)
4500.00
c)
4500.75
d)
4320.00
7.
What was the balance of the account at the end of the day on 7/24?
a)
4720.33
b)
4320.03
c)
5091.15
d)
4500.75
8.
On which day was the balance the highest?
a)
7/7
b)
7/15
c)
7/19
d)
7/20
9.
What happened on 7/5?
a)
a paycheck was deposited
b)
check #164 was written
c)
nothing
d)
the balance went up
10.
What is the balance on 6/25?
a)
1177.80
b)
1000.00
c)
157.80
d)
320.55
11.
How many withdrawals occured on 4/2/14?
a)
1
b)
2
c)
5
d)
8
12.
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
13.
What does it mean to make a withdrawal?
a)
Find the amount of money in the account
b)
Add money to the account
c)
Subtract money from the account
d)
Write a check
14.
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
15.
The balance in your account is $500. You then deposit $23 into your account. What is your new balance?
a)
$500
b)
$477
c)
$523
d)
$23
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