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Checking and Savings

Total questions: 10

Worksheet time: 50mins

Name
Class
Date
1.

A bank keeps money safe until you need it.

a)

True

b)

False

2.

What is a bank account?

a)

A number the bank assigns to keep track of your money.

b)

A form you fill out at the bank.

3.

What is a deposit?

a)

Money you take out of your account.

b)

Money you put into your account.

4.

Which account is used to save money?

a)

A checking account

b)

A savings account

5.

How do you open a bank account?

a)

Call the bank on the phone

b)

Fill out an application.

6.

A checking account lets you shop without using cash.

a)

True

b)

False

7.

How do you make a withdrawal from a checking account?

a)

Write a check or use a debit card.

b)

Fill out a deposit slip.

8.

What is a signature card?

a)

A card you use like a credit card to make purchases.

b)

A card that shows how you will sign your name on your checks.

9.

How do you balance your check register?

a)

Add the deposits, debits, and withdrawals

b)

Add the deposits and subtract the debits and checks

10.

This check is written correctly.

a)

True

b)

False