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Worksheets

Checking Account

Total questions: 20

Worksheet time: 38mins

Name
Class
Date
1.
At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?
a)
$1620.38
b)
$1510.06
c)
$1485.06
d)
$787.10
2.

Money added to a checking account is called a

a)

withdrawal

b)

deposit

c)

endorsement

d)

drawee

3.
Shannon makes a deposit in her checking account. She has checks for $178.16 and $36.00. She gets back $20.00 in cash.
What is her total deposit?
a)
$214.16
b)
$198.16
c)
$194.16
d)
$234.16
4.
To put money $$ in the bank, is called:
a)
WITHDRAWAL
b)
DEPOSIT
c)
INVEST
d)
WRITE A CHECK
5.
To take money OUT of your account, is called:
a)
WITHDRAWAL
b)
DEPOSIT
c)
TRUST
d)
STEAL
6.

Always use permanent ink when writing a check.

a)

True

b)

False

7.

Writing the dollar amount in both numbers and words makes your check more secure.

a)

True

b)

False

8.

What is the correct spelling?

a)

forty

b)

fourty

c)

fortie

d)

fourtie

9.

What is the correct spelling?

a)

ninty

b)

nintey

c)

ninetey

d)

ninety

10.

$21.50 + $3.55

a)

$21.85

b)

$25.05

c)

$23.45

d)

$24.45

11.
$4.60+ $1.71 =
a)
$ 6.31
b)
$ 6.05
c)
$8.55
d)
$10.25
12.

$13.85 - $10.87

a)

$2.98

b)

$4.56

c)

$24.72

d)

$24.72

13.

$123.45 - $12.35

a)

$111.10

b)

$111.80

c)

$135.80

d)

$135.80

14.

Sally goes to the bank. She puts her babysitting money in her account. Sally has made a

a)

Deposit

b)

Withdrawal

15.

Katie goes to the bank. She takes money out of her account. Katie has made a

a)

Deposit

b)

Withdrawal

16.

What is wrong with this check?

a)

Name is incomplete

b)

Check amount is not written out

c)

Signature issues

d)

Date issues

17.

How much is the check worth?

a)

$5

b)

$50

c)

$500

d)

$0

18.
The balance in your account is $500.  You then deposit $23 into your account.  What is your new balance?
a)
$500
b)
$477
c)
$523
d)
$23
19.
The bank issued card that deducts money directly from the checking account is
a)
debit card
b)
credit card
c)
savings account
d)
money market
20.
What should be written on line 6?
a)
the date
b)
the amount of the check
c)
who the check is going to
d)
your signature