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Unit 3 Review

Total questions: 27

Worksheet time: 25mins

Name
Class
Date
1.

Where do you sign the check?

a)

2

b)

5

c)

6

d)

4

2.

I am writing a $40 check to Walmart for groceries. Where do I write Walmart on the check?

a)

5

b)

2

c)

6

d)

3

3.

Where do I write the date on the check?

a)

1

b)

2

c)

3

d)

4

4.

When you make a deposit are you adding money or subtracting money into your account?

a)

Adding money

b)

Subtracting money

5.

When you make a withdrawal are you adding money or subtracting money into your account?

a)

Adding money

b)

Subtracting money

6.

Always use permanent ink when writing a check.

a)

True

b)

False

7.

The 'memo' section is for your signature.

a)

True

b)

False

8.

Where would you write the date the check was issued/written on the check?

9.

Where on the check would you write the amount the check is for in numbers on the check?

10.

Where on the check would you write the amount the check was written for in words?

11.

Where on the check would you write a message to remind you the purpose/reason the check was written?

12.

Where on the check would you sign your name in cursive, acknowledging you wrote the check?

13.

What two location would you find the check number?

14.

Where on the check would you find information about who owns the money in the account and how to contact them?

15.

Where on the check would you find the routing number identifying the bank the check is drawn off of?

16.

Where on the check would you find the account number identifying the bank account the check is drawn off of?

17.

Label the parts of the check correctly.

18.

I am writing a $30 check to Fiesta for groceries. Where do I write Fiesta on the check?

a)

4

b)

2

c)

5

d)

6

19.
The current amount of money in your bank account is called the...
a)
registered amount
b)
balance
c)
deposited amount
d)
statement
20.
Adding money to your account is called a...
a)
credit
b)
deposit
c)
debit
d)
withdrawl
21.
What are the two main types of accounts at banks?
a)
checking and balancing
b)
checking and savings
c)
checking and debit
d)
savings and borrowing
22.

What is a mobile banking application?

a)

A mobile banking application is a physical device used for banking activities.

b)

A mobile banking application is a software application that allows users to perform various banking activities on their mobile devices.

c)

A mobile banking application is a service provided by a bank to make phone calls.

d)

A mobile banking application is a type of computer virus.

23.

What are some common online banking security measures?

a)

Encryption, two-factor authentication, secure login credentials, and regular account monitoring.

b)

Outdated encryption, single-factor authentication, weak passwords, and irregular account monitoring.

c)

No password protection, no encryption, no authentication, and no account monitoring.

d)

Weak passwords, no encryption, no authentication, and infrequent account monitoring.

24.

What is two-factor authentication in online banking?

a)

Two-factor authentication in online banking is a security measure that requires users to provide their social security number and date of birth.

b)

Two-factor authentication in online banking is a process that involves answering a series of security questions to access the account.

c)

Two-factor authentication in online banking is a security measure that requires users to provide two different types of identification to access their accounts.

d)

Two-factor authentication in online banking is a feature that allows users to access their accounts using only one type of identification.

25.

How does digital banking make banking more convenient?

a)

Digital banking requires customers to visit a physical bank branch to access their accounts.

b)

Digital banking limits customers to only performing transactions during banking hours.

c)

Digital banking is only available for customers with high credit scores.

d)

Digital banking allows customers to access their accounts and perform transactions anytime and anywhere through online and mobile platforms.

26.

What are some potential risks of using digital payment methods?

a)

Loss of physical cash, inconvenience in case of system downtime, difficulty in tracking expenses

b)

Security breaches, fraud, technical glitches, lack of privacy, and unauthorized transactions.

27.

What is the role of encryption in digital banking?

a)

Encryption in digital banking is used to make the user interface more attractive.

b)

Encryption in digital banking is a process that converts sensitive information into an unreadable format to prevent unauthorized access.

c)

Encryption in digital banking is used to slow down the banking operations.

d)

Encryption in digital banking is used to increase the size of the data being transmitted.