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WorksheetsChapter 19- Personal Banking
Total questions: 15
Worksheet time: 8mins
Using a debit card has the same result as____
Using a credit card
Writing a check
Borrowing money
Saving money
An individual retirement account in which individuals contribute after-tax income and qualified withdrawals are not taxed is a(n)
401 (K)
401 (B)
Retirement fund
Roth IRA
The signature on the back of a check is a(n)
Signature
Payment
Endorsement
Check stub
A combination of savings and checkings account is a(n) _____ checking account
Interest-bearing account
Bank Account
Investment Account
Money Making Plans
A bank account used by depositors to accumulate money for future use is a(n)
Bank Account
Emergency Funds
Will
Savings plan
A plan to develop investment growth is a(n) _____ plan
Property Investment
Personal Investment
Investment Growth Plan
Strategy
A legal document stating a person's wishes for his or her estate after death is a(n)
Will
Estate
Annuity
Keogh Plan
A retirement program can be sponsored or started by______
Employers
Individuals
the self-employed
All of the above
A (n)______ is a contract with an insurance company that provides regular income for a set period of time, usually for life
401(K)
401(B)
Roth IRA
Annuity
The portion of a company's earnings that is paid to stockholders is a(n)_____
Interest Payment
Dividends
Annuity
Deposit
A _____ requires a fixed deposit period of time
Basic savings account
High-Yield savings account
Money Market Account (MMA)
Certificate of Deposit (CD)
Reconciling a bank statement means comparing the
Check register to the checking account
Check register to the savings account
Savings account to the checking account
Credit card to the debit card
When a customer has _____, financial institution will honor a check even if it exceeds the account balance
A stop payment order
Been Loyal
Overdraft protection service
Many accounts
When of the following in NOT required to open a checking account
Credit Report
Signature
Personal Identification
Social Security number
Which of the following is an example of a banking service?
Safe- Deposit Box
Loan
Special Payment Service
All of the above
