WorksheetsCredit/Banking Test
Total questions: 31
Worksheet time: 16mins
Is a method for managing customer money used to make purchases and pay bills.
Checks
Savings Account
Checking Account
Overdraft
You can use this to type of banking account to make deposits and use the money whenever needed
Paying account
Savings account
CD
Checking account
Is a sequence of digits used to identify the customer's bank
Debit card
Routing number
Account number
Check number
Is a sequence of digits used to identify the customer's checking account.
Routing number
Account number
Check number
SSN
What 3 things can be found on a check? (More than 1)
Routing Number
Date of Birth
Account Number
Customer's address
Is a plastic card used to make purchases, pay bills, and withdraw cash using the customer's checking account.
Prepaid debit card
Reloadable debit card
Debit card
Credit card
Are cards that have a specific amount of money assigned to them.
Prepaid debit card
Reloadable debit card
Debit card
Credit card
What are prepaid cards that can have more money assigned to them when all of the money runs out
Prepaid debit card
Reloadable debit card
Debit card
Credit card
Penalties charged to the checking account when a customer makes a purchase for more money than is in the checking account.
Debit fees
Penalty fees
Overdraft fees
Insufficient funds
Is a bank storing money that the customer does not plan on using until later.
Saving account
Checking account
Credit account
Banking account
Is a timed savings plan in which the money cannot be used until an agreed end date.
Savings account
Checking account
Certificate of Deposit
Certificate of Debit
IRAs are a special savings account in which you can access money before retirement.
True
False
FDIC stands for "Federal Deposit Illegal Corporation."
True
False
If the bank "fails" and loses the customers' money, the FDIC will ensure that the customer's money is made available to them if the bank cannot provide it.
True
False
