WorksheetsChapter 12 - Cash, Check, or Card?
Total questions: 19
Worksheet time: 10mins
Part 1: True or False? Read the statements below and select T if the statement is true or F if the statement is false. 1. A strong password can be created by using self-identifying and obvious facts about yourself.
True
False
A written, legal document that orders a person's bank to pay a sum of money out of their account to a specified person or business is called a deposit.
True
False
Part 1: True or False? Read the statements below and select T if the statement is true or F if the statement is false. 3. e-Filing taxes is the easiest, fastest, and safest way to submit individual tax returns.
True
False
There are four common types of endorsement options.
True
False
Phishing is when thieves send out e-mails that ask for private information.
True
False
What is considered to be private information?
Account passwords
Bank account numbers
Birth date
All of the above
What can a person do if their identity is stolen?
Place a fraud alert and get a copy of their credit reports
File a report with the police department
A and B
None of the above
Checks written by the account holder that have not yet cleared the bank are known as
Outstanding deposits
Outstanding checks
Non-sufficient funds
Electronic funds transfer
Words or a sequence of characters that must be input in order to gain access to something are called
Passwords
Account code
Security system
User protocol
Define the following: Service fee
Fee charged by the bank for services provided
Interest earned on savings account
Amount deposited by the customer
Loan amount approved by the bank
Define the following: Debit card
Looks like a credit card, but the money is deducted directly from a customer's checking account when a purchase is made
A card that allows you to borrow money up to a certain limit and pay later
A card used only for withdrawing cash from ATMs
A card that is only valid for online purchases
Define the following: Endorse
When you sign the back of a check to authorize the bank to do something with it
When you deposit cash into your account
When you withdraw money from an ATM
When you open a new bank account
Define the following: Private information
Data that could identify who you are
A type of public announcement
Information found in newspapers
General knowledge shared by everyone
Define the following: Form W-2
A form that reports an employee’s annual wages and the amount of taxes withheld from his or her paycheck
A form used to claim tax deductions for charitable donations
A form used by employers to report business expenses
A form used by individuals to apply for a Social Security number
Which of the following lists the six steps to writing a check?
Write the date, write the payee, write the amount in numbers, write the amount in words, write a memo, sign the check.
Write the date, write the payee, write the amount in numbers, write your address, write a memo, sign the check.
Write the date, write the payee, write the amount in words, write your phone number, write a memo, sign the check.
Write the date, write the payee, write the amount in numbers, write the amount in words, write your account number, sign the check.
Two common methods criminals use to steal private information are:
Phishing and malware
Recycling and composting
Jogging and swimming
Cooking and cleaning
What are two ways to automate bill-paying?
Scheduling bill payments through your bank account and through your credit card company.
Paying bills only at the end of the year and keeping receipts.
Writing checks manually every month and mailing them.
Visiting each service provider in person to pay bills.
What are three ways a person can keep their information safe?
Create strong passwords, never give passwords to other people, and be careful of what information is shared on social networking sites.
Share passwords with friends, use the same password everywhere, and post personal information online.
Use simple passwords, write passwords on sticky notes, and ignore privacy settings on social media.
Give out personal information to strangers, use public Wi-Fi for banking, and never update your passwords.
Which of the following will help you protect yourself from identity theft and fraud?
Regularly monitor your credit report.
Contact lenders and credit bureaus to address incorrect information.
Freeze your credit.
All of the above.
