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