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WorksheetsChecking 101 Review
Total questions: 20
Worksheet time: 2hrs 40mins
The trailing edge is the right side of the check when you are looking at the front of it.
True
False
When you're depositing a check, you must record it on the deposit slip by . . .
listing the check's small numbers (shown as a fraction) in the top right corner of the check.
listing the person's name who gave it to you.
listing the check number.
None of these
When you have a check to endorse, it is acceptable to endorse it . . .
at your house.
at school.
at the bank.
All of these
When you deposit a check in your account, it is available immediately in all circumstances.
True
False
At an ATM, you can ________.
deposit money
withdraw money
transfer money
All of these
For Debit Cards, you will get a statement at the end of the month that shows how much you need to pay.
True
False
When you complete your Bank Statement Reconciliation, the statement's _____ Balance is used in the calculation on the reconciliation form.
Beginning
Ending
Checkbook
All of these
The ____ Endorsement is used to transfer a check to another person.
Blank
Full
Restrictive
Signature
Checks must be written . . .
in ink, but the color doesn't matter.
in your normal handwriting and it doesn't matter if anyone can read it or not.
with everything printed -- so that it can be read clearly.
so that the numbers are as plain and clearly read as possible.
Since most bank customers use Debit Cards and rarely write checks, there is no longer an importance for a correctly signed Signature Card.
True
False
If you use a 24-hour banking machine to get cash, would the amount be added or subtracted from your checkbook balance?
added
subtracted
Are deposits added to or subtracted from the checkbook balance?
added
subtracted
What type of endorsement includes the words "For Deposit Only"?
blank
signature
restrictive
full
What should you do if your checkbook is lost or stolen?
watch your account for a while to see if anyone can access your account
notify the bank immediately
close your account and open a new one
nothing
Under what circumstances should a Blank Endorsement NOT be used?
to deposit the money in your account
to cash the check
to send the check through the mail
None of these
What are the three most common types of endorsements?
blank, full, signature
restrictive, blank, full
full, restrictive, signature
blank, restrictive, signature
What does it mean to endorse a check?
to sign it on the back side, toward the top
to vouch for the check - to say it's good
to type your name using a typewriter
None of these
What are some of the errors which cause a checkbook not to balance?
you forgot to add something to your checkbook register
you have a transposition error
you have a miscellaneous math error
All of the above
How often should the checkbook be reconciled?
every few months
every month
once a year
whenever you feel like it
If a service charge appears on the bank statement, is it added to or subtracted from your checkbook balance?
added
subtracted
