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NGPF Classic Checking Accounts - FinLit - Quiz
  • 1. Which of the following is NOT an example of a financial institution?
A) Bank
B) Credit Union
C) Savings and Loan
D) Library
  • 2. True or False: You can continue to write checks as long as you have checks in your check book.
A) False
B) True
Check
  • 3. What is the check # on this check?
A) there is no check number
B) October 28, 2004
C) $147.50
D) 4321
Check
  • 4. Who is this receiving this check for payment?
A) $147.50
B) ABC Company
C) Pat Payee
D) school supplies
check
  • 5. Who will endorse this check on the back?
A) the bank teller
B) Calvin Luther Martin
C) the CFO
D) John Doe
  • 6. 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) ATM (Automated Teller Machine)
B) Drive Thru Banking
C) Check Register
D) Online Banking
  • 7. What is a check that is written for more than the amount of money in a checking account?
A) Interest
B) Deposit
C) Paycheck
D) Bounced Check
Screenshot
  • 8. Who endorses a check?
A) The person the check was written to
B) The person who wrote it
C) The bank of the person who wrote it
D) The bank of the person who received it
Screenshot
  • 9. If there are two recipients of the check, who endorses it?
A) If "&," both
B) no endorsement is needed
C) If "&," either one
D) If "or," both
  • 10. Who is the "payee"?
A) The employee processing the check
B) The person the check was written to
C) The person the check was written to
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