- 1. Which of the following is NOT an example of a financial institution?
A) Bank
B) Credit Union
C) Library
D) Savings and Loan
- 2. When depositing money into an account, it is important to:
A) swipe your credit card
B) thank the teller
C) include your account number
D) sign your deposit slip
- 3. True or False: You can continue to write checks as long as you have checks in your check book.
A) True
B) False
- 4. If your checking account balance is $50 and you deposit $20, what is your new balance?
A) $30
B) $20
C) $70
D) $50
- 5. What is the check # on this check?
A) $147.50
B) 4321
C) October 28, 2004
D) there is no check number
- 6. Who is this receiving this check for payment?
A) ABC Company
B) $147.50
C) Pat Payee
D) school supplies
- 7. What is this an example of?
A) Check
B) Deposit Slip
C) Debit Card
D) Bank Statement
- 8. What is this an example of?
A) bank statement
B) personal check
C) deposit slip
D) business check
- 9. How much cash will the teller give Jane when she makes this deposit?
A) $241.63
B) $25.00
C) $54.13
D) $216.63
- 10. How much will be deposited into Jane's account?
A) $25.00
B) $54.13
C) $216.63
D) $241.63
- 11. Who is the person that is responsible for the finances of a business?
A) CFO - Chief Financial Officer
B) CEO - Chief Executive Officer
C) Bank Teller
D) Bank Manager
- 12. Who will endorse this check on the back?
A) John Doe
B) the bank teller
C) Calvin Luther Martin
D) the CFO
- 13. What is the machine called that is used to withdraw money and is found in shopping centers, convenience stores, and other places outside of financial institutions?
A) Check Register
B) ATM (Automated Teller Machine)
C) Drive Thru Banking
D) Online Banking
- 14. When should you sign your deposit slip?
A) you should never sign your deposit slip
B) you should always sign your deposit slip
C) when you want to deposit all of the money in your account
D) when you want cash back
- 15. What is a check that is written for more than the amount of money in a checking account?
A) Paycheck
B) Bounced Check
C) Deposit
D) Interest
- 16. What check number did this person use to buy shoes for Jennifer?
A) 3310
B) $29.80
C) 3309
D) 3308
- 17. How many deposits are shown in this check register?
A) three
B) two
C) four
D) one
- 18. What is this an example of?
A) bank statement
B) debit card
C) check register
D) check
- 19. What was the cost of the visit to the hair salon?
A) $514.54
B) $29.00
C) $29.80
D) $21.00
- 20. True or False: A debit card allows customers to immediately withdraw funds from their accounts, a credit card is a loan which must be paid back over time.
A) False
B) True
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