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Worksheets03.00 QUIZIZZ: Using Banking Services
Total questions: 23
Worksheet time: 12mins
1. What is another name for a traditional bank?
Brick and Mortar
Fort Knox
Old school
The money store
2. What are the two main types of accounts at banks?
checking and balancing
checking and savings
checking and debit
savings and borrowing
3. Interest is a fee charged...
by a lender to a borrower
by a borrower to a lender
by a bank for writing a check
by a bank for making a deposit
4. With an electronic transfer, money is transferred from one account to another without...
record keeping
overdraft protection
service charges
any check or cash involved
5. In banking, what does ATM stand for?
Automatic To Money
At The Moment
Asynchronous Transfer Mode
Automated Teller Machine
6. When your check clears the bank, it has...
been processed and the money transferred out of your account
been inspected and determined to be free of forgery
been guaranteed for payment by federal deposit insurance
is eligible to be cashed at a credit union
7. If you write checks for more than you have in your checking account, your account...
cannot have outstanding transactions
will be overdrawn
will be automatically reconciled
does not meet credit union regulations
8. A direct deposit...
cannot be paid by credit unions
cannot be expressed as a percentage
is another name for compound interest
goes to your account without using a check
9. Adding money to your account is called a...
credit
deposit
debit
withdrawal
10. You can use a debit card to...
access money in your checking account and transfer it
accept a payroll deposit from your employer
write a check
get overdraft protection
11. What must be on a check?
Your signature
The current date
The amount of money
All of the above
12. The purpose of reconciling your bank account is to...
convert simple interest to compound interest
get overdraft protection
verify that you agree with your bank on the balance
verify that your account complies with federal law
13. True or False: You can withdraw money from an ATM at any time.
True
False
14. A(n) ____________ is a fee a bank charges you for having an account.
service charge
debit
overdraft fee
credit
15. The best option if you suspect that someone has stolen your banking information is to ...
Call police
Go home and take a nap
Cancel all cards and notify your bank
Hope your bank catches any suspicious activity
16. This organization federally insures deposits in banks up to $250,000.
IRS
FBI
FDIC
SEC
17. A document an account holder uses to track their deposits and withdrawals.
Check Register
Bank Statement
Check Card
Bounced Check
18. A document produced by the bank that tracks withdrawals, deposits, and interest earned.
Bank Statement
Check Register
Certificate of Withdrawals
Certificate of Deposits
19. The bank pays for the use of money in the form of:
a minimum deposit
interest
savings
cash from an ATM
20. Electronic banking services often require the use of:
an inquiry
a checking account
a deposit
a PIN
21. If you and your mother open a bank account together, it's called:
a joint account
an electronic banking service
an automatic payment
a checking account
22. Which of the following tasks will an ATM not allow?
withdraw cash
find the current balance in your account
make a deposit
cash a check
23. Which of these statements about a debit card is not true?
It is faster and easier to use than paying with a check.
You don't have to carry as much cash if you have one.
You don't have to worry about your balance like you do with a checkbook.
It allows you to withdraw money at an ATM.
