WorksheetsBanking Final
Total questions: 50
Worksheet time: 52mins
How much was deposited on 10/14?
$694.81
$2.99
$695.36
$300.00
What was the final balance in the account after the last transaction?
-$72.47
-$62.47
$5.00
$1442.61
What was one fee that was paid this month?
Credit Card Fee
Overdraft Fee
Bill Pay Fee
Rent Fee
What was the total withdrawn this month?
$1515.63
$1442.61
$694.61
Banks are _____________ businesses that offer a variety of services to the public
For profit
Non profit
Public
Private
What is a savings account?
A box under your bed
A type of bank account that earns interest over time
A place to store your toys
A book where you write down your secrets
What is interest?
A hobby or something you like to do
Money that you pay to borrow money or earn for saving money
A new video game
A type of food
All transactions including deposits, checks, debit card purchases, additional fees, and ATM use should be recorded here immediately after completion.
Check Register
Checkbook
Debit Card App
A piece of paper you keep safe
What is another name for the total in your checking account?
deposit
void
withdrawal
balance
What is labeled number 4?
Date
Account number
Check number
Amount in numbers
What is labeled 2?
Date
Payor
Payee
Signature
Where does the dollar amount go?
Pay to the order of blank.
Next to the dollar sign.
The memo
The blank under pay to the order of
Writing the dollar amount in both numbers and words makes your check more secure.
True
False
Signature on the back of the check designating who to pay
Debit Card
Drawer
Drawee
Endorsement
What is line. "F". for?
total Cash you want to keep
Total cash putting into bank
Total Checks putting into bank
Total money putting into bank
What is line. "B". for?
How much cash you have
How much cash you want to keep
How much money depositing into bank
Signature line
What are 2 reasons to keep your money in a bank?
Its safe
(will not be lost, stolen, or thrown out)
Gains interest
So you don't have to pay penalties
What is a CD in terms of savings accounts?
Compact Disc
Certificate of Deposit
Certified Directory
When you save your money in a CD account, you leave it there for a certain period of time.
True
False
What should be written on the "Pay to the order of" line of the check?
Who insures bank deposits?
Federal Deposit Insurance Corporation (FDIC)
National Credit Union Administration (NCUA)
Federal Reserve
U.S. Treasury Department
A P2P payment is
A check from grandma for your birthday
A transfer between two individuals
A way to pay with my checking in a store
Problems 2 Problems
If I Opt-In to allow overdrafts to happen with my debit card, it means more revenue for the bank if I make a mistake and overdraw by using my card
True
False
When writing a check, what do you put on the "memo" line?
your name
date
why you are writing the check
amount of money
What are the two ways to deposit a check?
using a mobile app
using a deposit slip
you don't
put it in your folder
(Automated Teller Machine)
A machine that dispenses cash or performs other banking services when an account holder inserts a bank card.
PIN
Loan
Debt
ATM
Money aside for future use.
Savings
Expense
Budget
Mrs. Brady took her family out to eat. She handed the waitress a card to purchase the meal. This charge appeared on a bill that she paid three weeks later. Which card did she use?
Debit Card
Credit Card
Both
What was your starting balance?
$1314.55
$2002.00
$1107
$32.00
