WorksheetsTwo Truths and a Lie -Financial Literacy Set 2
Total questions: 8
Worksheet time: 4mins
Mary deposited her paycheck into her checking account.
Her deposit will increase the balance in her account.
She will be able to write checks based on her balance increase.
Her deposit will decrease the balance in her account.
Glen wrote all of the entries from his account on his check register.
Glen needed to be sure that his balance was accurate.
Every entry increased the balance in his account.
It’s possible for Glen to find a mistake that the bank has made in his account.
Glen found an overdraft in his account while writing in his check register.
His balance was much higher than he thought it was.
Glen had calculated his balance incorrectly and found the mistake.
Because of the overdraft, his bank charged him a fee.
Amy made a withdrawal from her account to pay a bill.
Amy’s withdrawal involved putting cash in the account.
She could have used a debit card to make the withdrawal.
Amy can only withdraw up to the balance in the account, not more than the balance.
Bill wrote a check to pay for his gym membership.
Bill can use any check without having a checking account.
Bill’s check will use funds in his checking account to pay his membership.
He completes the check with his signature so the bank will honor payment.
Jon Nelson is the payee on the check lying on the table.
Jon is the person receiving payment.
Jon’s name is written next to the word payee on a long line.
Jon is the person who signed on the signature line of the check.
Casey is the account holder on the checking account.
Casey is authorized to make withdrawals with proper identification.
She cannot make deposits or withdrawals.
Casey can authorize someone to make deposits for her.
Greg has a $35 fee because of the overdraft on his account.
This fee increased his account balance.
Greg did not keep good track of his account activity.
This fee decreased his account balance.
