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WorksheetsBank Accounts 17.1
Total questions: 20
Worksheet time: 46mins
A ___________ is a type of financial institution that is owned by its members
local bank
owner's union
credit union
owner's bank
A financial institution is a business or organization that provides money-related services.
True
False
ATM stands for:
automated teller machine
automated taker of money
automated talking machine
amazing taco maker
When cashing a check, you should first endorse it.
True
False
Endorse means to ______.
sign the back
tear in half
sign the front
crumple it up
A check _____ is a place to record all deposits, checks, withdraws, and fees that affect your account
book
mark
register
transaction
Reconciling your bank account records is also called
(a)
Number 9 is pointing to the what:
(a)
What number is indicating the check number:
(a)
Overdraw means to write a check for more money than is in your account.
True
False
Checks purchased in common denominations that are replaceable if lost or stolen are _____.
traveler's checks
replaceable checks
no stealy checks
common checks
What kind of banking allows you to pay your bills using your computer?
(a)
A _______ is a card issued by a bank that can be used to make purchases, pay bills, and withdraw cash from ATMs.
credit card
debit card
money card
An EFT is the deposit or withdrawal of funds using a computer network. What is EFT?
electromagnetic funds transfer
easy funds transfer
early funds transfer
electronic funds transfer
When choosing a financial institution, consider any/all of the following factors except:
convenience
service/accounts offered
how big the building
fees charged
A (a) is a document that authorizes payment of a certain amount of money to a certain party
A _________ is responsible for accurately processing routine transactions at a bank.
bank teller
bank manager
loan officer
investment counselor
Using EFTs requires zero bookkeeping on your part.
True
False
A (a) provides a periodic summary of checking account activity.
A certified check is a written order for payment of funds from an account for which the bank guarantees payment.
True
False
