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