WorksheetsChecking and Savings Accounts
Total questions: 15
Worksheet time: 12mins
How many of you are now ready to open a savings account? If so, would you bank at the financial institution you researched?
Yes, I am ready. No, I wouldn't choose the financial institution I researched.
Yes, I am ready. Yes, I would choose the financial institution I researched.
No, I am not ready. I don't understand any of it and so I wouldn't choose the financial institution I researched.
No, I am not ready. I would choose the financial institution I researched once I became ready, though.
With a Certificate of Deposit, money stays in an account for a (a) (could be a few months to a few years).
Money Market Accounts generally have higher (a) than a regular savings account.
When writing a check, this tells the bank which account the money is to come from:
12-digit routing number
10-digit account number
16-digit check number
none of the above
When writing a check, write in _________; write ____________; and __________ every check in your register.
(a)
Your (a) should be the last thing you complete (when writing a check). It gives the bank permission, or authorization, to release the money to the payee.
When you deposit a check, you need to let the bank know that you have personally approved the transaction by __________ the check:
folding
typing
recording
endorsing
A checking account allows you to pay for things in other ways than using cash - like wiring checks or using a credit card
True
False
What is a check?
You can use several accounts to save money, for example, regular savings, money market accounts, and CDs.
True
False
Which financial institution is insured by the NCUA?
Bank
Savings & Loan Association
Credit Union
Both A and B
A (a) 's main business is to make home loans.
The benefit of not needing to use a check cashing store that charges enormous fees because you have a bank account includes:
Financial future
money saver
conveneince
security
This type of financial institution allows members only:
Bank
Savings & Loan Association
Both A and B
Credit Union
C
A Regular Savings Account allows...
withdrawals and deposits
deposits and check writing
withdrawals and debit card debits
none of the above
