WorksheetsCheck Writing Presentation Quiz
Total questions: 22
Worksheet time: 13mins
How many checks does the average American write per month?
One
Two
Three
Four
What does PIN stand for?
Personal Identification Number
Personal Information Number
Private Identification Number
Public Identification Number
Which fee is associated with spending more than your account balance?
Overdraft Fees
Paper Statement Fee
Foreign Exchange Fee
Account Closure Fee
Which fee is charged when closing a bank account?
Account Closure Fee
Monthly Servicing Fees
Overdraft Fees
NSF Fees
Why is it important to know about potential banking fees?
To avoid unexpected expenses
To increase account balance
To earn interest
To get a loan
What should you consider based on your individual needs when choosing a bank?
Potential Fees
Interest Rates
Loan Options
Credit Score
What is a common fee for maintaining a checking account?
Monthly Servicing Fees
Annual Membership Fees
Transaction Fees
Late Payment Fees
Which fee is typically charged for international transactions?
Foreign Exchange Fee
Overdraft Fees
NSF Fees
Account Closure Fee
What must you do to validate a check?
Stamp it with a seal
Sign your signature
Attach a photo ID
Write your social security number
What is the purpose of the check shown in the image?
Payment for groceries
Rent payment for Mayfair Apartments
Utility bill payment
Car loan payment
What date is written on the check?
October 3, 2022
November 3, 2022
September 3, 2022
December 3, 2022
What does the date in a check register signify?
The amount of money available
The transaction code
The date of the transaction
The decimal point
Which component of a check register helps in identifying a specific transaction?
Decimal point
Transaction code
Balance amount
Date of transaction
What do we call a fee that is collected for using someone's money?
Deposit
Interest
Loan
Check
A check cannot be cashed until it has been reconciled.
True
False
A convenient, secure, inexpensive and fast method of paying bills online from a customer's bank account directly to a supplier's bank account is known as:
Electronic Fund Transfer
None of the Available Choices
Remote Deposit
Payment by Mail
Define:
Direct Deposit
Most banks offer an app so you can log in to check how much money has been deposited, spent, and so you know your account
withdraw
deposit
budget
balance
Checks over how many months old may not be honored by a bank?
two weeks
four weeks
three months
six months
A (a) check is one that has been processed by the bank and has been subtracted from the depositor's account.
