WorksheetsBanking Review
Total questions: 15
Worksheet time: 9mins
Where can you safely keep your money for saving and checking?
bank or credit union
piggy bank
penny stocks
Which agency controls the banks?
Federal Reserve System
Federal Trade Commission
Securities & Exchange Commission
Federal Bureau of Investigation
What does the FDIC do?
Monitors insider trading
Insures money in bank accounts up to $250,000
Prosecutes bank robbers
Issues overdraft fees
What is a check register used for?
Filing income taxes
Setting up direct deposit
Recording checking account transitions
Sending electronic payments
What are outstanding checks?
Checks that are going to bounce.
Checks that have been written but not yet cleared.
Really cute checks.
Checks that have been endorsed.
If you write a check but there is not enough money in your account to cover it you will get a/an (a) service charge
Which form directs the bank to pay someone a certain amount of money from your account?
check
tax form
statement
postcard
Check all the reasons you may be charged a service fee by your bank.
Having your paycheck directly deposited to your account.
Using an out-of-network ATM
Overdrawing on your account
Falling below the minimum balance
Which would be BAD choices for a PIN?
Using your birthday
Choosing an uncommon combination of numbers
Choosing 1234
Keeping your PIN written down
What should you do when you get your bank statement?
delete it
reconcile your checking account
email it to your best friend
glance at it
Check off the people that are most likely to have a joint checking account.
Parent and child
Couple that just started dating
Friends
Couple that are cohabiting
What will a bank teller ask you to do if you request cash back from a deposit?
give you PIN
pay a service charge
leave the bank
sign your deposit slip
What is this called?
blank endorsement
name endorsement
restrictive endorsement
special endorsement
What is this?
blank endorsement
name endorsement
restrictive endorsement
special endorsement
Which number is in the red box?
(a)
