WorksheetsChecks & Checking Accounts Review
Total questions: 30
Worksheet time: 38mins
Which of the following is an example of a negotiable instrument?
Check
Car Title
House Title
Marriage License
Writing “for deposit only” on the back of a check is which type of endorsement?
Special
Restrictive
Blank
Open
A personal check that the bank guarantees to be “good” is known as a ______.
Blank check
Cashier's check
Money order
Certified check
Simply signing your name on the back of a check before presenting it to the bank to cash is known as what type of endorsement?
Restrictive
Special
Blank
Other
Hannah paid her rent by writing a $400 check to her landlord. This is a _________.
Money is automatically transferred into Victor’s checking account for earnings from his job. This is a __________.
What is wrong with this check?
They didn't write who they are paying.
The money amount in dollars is wrong.
The money amount written in words is wrong.
Where is the routing and account number located on a check
Top Right
Bottom Left
Bottom Right
Top Left
Where would you write the reason you wrote a check
The Payee Line
The Amount Line
The Memo Line
Sigature Line
Every check that you write needs:
Signature
Date
Amount written in words and numbers
All of the above
The ______ represents how much money you have in your checking or savings account.
balance
check
withdrawal
deposit
Suspicious emails that try to trick you into providing your personal financial information are known as...
Skimmer scams
Phishing scams
Electronic Monetary Transactions
Advance fee fraud
Which of the following is an example of an electronic monetary transaction (EMT)?
Writing a check
Paying with cash
Filling out a deposit slip
Using an ATM to withdraw physical cash
The process of bringing a checkbook register into agreement with a bank statement is called...
Registration
Electronic transfer
Reconciliation
Endorsement
Purchases made with your debit card are usually...
Added to your credit card balance
Deducted immediately from your checking account
Deducted immediately from your savings account
Deducted immediately from your checkbook register
What does the "routing number" on a check tell you?
The number of the check in the checkbook
The account holder's information as a client at the bank
Which bank(s) the check can be cashed at
What bank issued the check
How can you protect your checking account when using online and mobile banking?
Use strong and unique passwords
Avoid using public Wi-Fi networks
Regularly monitor your account activity
All of the above
Approximately how often does a financial institution send a bank statement to an account holder?
yearly
weekly
quarterly
monthly
All financial institutions and banks charge the same types of fees.
True
False
What is A on the front of the debit card
Debit Card Number
Expiration Date
Customer Service Number
Network Logos
What is B on the front of the debit card
Debit Card Number
Issue/Expiration Date
Customer Service Number
Network Logos
What is E on the back of the debit card
Signature Bar
Card Verification Value (CVV)
Customer Service Number
Network Logos
What is F on the back of the debit card
Signature Bar
Card Verification Value (CVV)
Customer Service Number
Network Logos
Mr. Smith has a checking account and a car loan from a not-for-profit financial institution owned by its members. He is probably a member of what type of financial institution?
Credit Union
Commercial Bank
Financial Advisor Group
Payday Loan Company
