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NGPF Classic Checking Accounts - FinLit
Contributed by: Polokova
(Original author: Viti)
  • 1. Which of the following is NOT an example of a financial institution?
A) Savings and Loan
B) Credit Union
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) False
B) True
  • 3. What is the check # on this check?
A) $147.50
B) 4321
C) October 28, 2004
D) there is no check number
  • 4. Who is this receiving this check for payment?
A) $147.50
B) Pat Payee
C) ABC Company
D) school supplies
  • 5. Who will endorse this check on the back?
A) John Doe
B) Calvin Luther Martin
C) the CFO
D) the bank teller
  • 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) Drive Thru Banking
B) Online Banking
C) Check Register
D) ATM (Automated Teller Machine)
  • 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
  • 8. Who endorses a check?
A) The bank of the person who wrote it
B) The person the check was written to
C) The person who wrote it
D) The bank of the person who received it
  • 9. If there are two recipients of the check, who endorses it?
A) If "&," both
B) If "or," both
C) no endorsement is needed
D) If "&," either one
  • 10. Who is the "payee"?
A) The person the check was written to
B) The employee processing the check
C) The person the check was written to
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