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WorksheetsBanks and Banking Accounts
Total questions: 20
Worksheet time: 27mins
Which of these services is not offered by a bank account? (a)
Which of these is a good use for a bank account?
To keep your money secret from your parents
To apply for food rations
It means your salary can be paid into it
A (a) is a type of financial institution that is owned by its members
A financial institution is a business or organization that provides money-related services. (a)
ATM stands for: (a)
When cashing a check, you should first endorse it. (a)
Overdraw means to write a check for more money than is in your account. (a)
A (a) is a card issued by a bank that can be used to make purchases, pay bills, and withdraw cash from ATMs.
An EFT is the deposit or withdrawal of funds using a computer network. What is EFT? (a)
A (a) is responsible for accurately processing routine transactions at a bank.
Savers earn interest. True or false? (a)
Borrowers pay interest on their loans. True or false? (a)
Credit unions share their profits with who? (a)
The bank will charge you a daily charge on your overdraft balance, true or false? (a)
Which bank account is best to use for everyday spending, paying of bills and depositing money (a)
This is used by the bank to verify you are the person that signed the check or deposit slip/ticket. (a)
A deposit ticket has all the following pre-printed on the ticket except (a)
Which part of a debit card is not a security feature? (a)
Joe used his debit card at Cabela's Monday morning, when was the money taken out of his checking account?
Monday at 5:00pm when the bank closed for the day.
Immediately after the transaction completed
The next day when the bank opened
