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Ch 4 Checking Account

Total questions: 16

Worksheet time: 16mins

Name
Class
Date
1.

A check is a _______ form of

payment

a)

Paper

b)

Plastic

2.

Which section is NOT found on

a paper check?

a)

Time of Purchase

b)

Payee

3.

Which section is NOT found on

a paper check?

a)

Signature

b)

Cashier's Name

4.

Which term means- money

goes into the account?

a)

Deposit

b)

Withdraw

5.

Which term means- money

comes out of the account?

a)

Deposit

b)

Withdraw

6.

How many times do you have to write the amount of money you are paying out on a check?

a)

Once

b)

Twice

7.

Can an ATM give you cash from your checking account?

a)

YES

b)

NO

8.

Can an ATM deposit a paycheck into your checking account?

a)

YES

b)

NO

9.

Are debit cards linked to checking accounts?

a)

YES

b)

NO

10.

What is the purpose of a check register?

a)

Record transactions

b)

Show organization skills

11.

The person you are writing a check to is called the …

a)

Payee

b)

Recipient

12.

Online banking can help you pay your bills online from your checking account.

a)

Yes

b)

No

13.

If your money is in a checking account at a bank then it is safe.

a)

True

b)

False

14.

After you write a check you don’t always have to complete the check register.

a)

True

b)

False

15.

Your signature should be written in cursive.

a)

True

b)

False

16.

A checking account and savings account are the same thing.

a)

True

b)

False