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Bank Statement Review

Total questions: 20

Worksheet time: 40mins

Name
Class
Date
1.

To sign the back of a check means to:

a)

endorse

b)

receive

c)

write

2.

To take money out of your account means:

a)

deposit

b)

withdraw

3.

To put money into your account means:

a)

withdraw

b)

deposit

4.

When you withdraw money, your balance:

a)

increases

b)

decreases

5.

When you deposit money, your balance:

a)

increases

b)

decreases

6.

When you pay your bills, your account balance:

a)

increases

b)

decreases

7.

Which is an example of a bill someone would pay monthly?

a)

Rent

b)

groceries

c)

new clothes

8.

An ____ machine allows a person to withdraw money from their account without going to a bank.

a)

Debit

b)

Credit

c)

ATM

9.

What is the name of the four-digit number that allows you to access money from your bank account?

a)

Social Security Number

b)

PIN Number

c)

Phone Number

10.

Why do banks block out part of your account number on bank statements?

a)

To keep you a person guessing.

b)

To maintain privacy and make sure no one accidentally gets your information.

c)

It is usually a mistake.

11.

True or False: A person should only check their bank statement or account a few times a year?

a)

True

b)

False

12.

What might happen if a person gets your credit card or bank account information?

a)

They will call your house.

b)

They can spend your money without you knowing.

c)

They will return it to your house.

13.

If a person spends more money than they deposit, their ending balance will be _____ than the beginning balance.

a)

less than

b)

more than

14.

If a person deposits, or saves more money than they spend, their ending balance will be _____ than the beginning balance.

a)

more than

b)

less than

15.

Why is it important to save your money?

4 lines
16.

What is an example of something you might save your money to purchase?

a)

a new and expensive pair of sneakers

b)

a candy bar

c)

a pack of pens

17.

Where can you go to deposit money, withdraw money, or take out a loan?

a)

A car wash

b)

A bank

c)

A school

18.

Where is your money safer: in a drawer in your house or at the bank?

a)

At the bank

b)

Drawer in my house

19.

Which is an item you might save up to purchase?

a)

A reusable water bottle

b)

A bag of apples

c)

A new iPhone

20.

Which item most likely costs the most?

a)

A new car

b)

A flat screen TV

c)

A used bike