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NGPF Classic Checking Accounts - FinLit - Quiz
Contributed by: Polokova
(Original author: Viti)
  • 1. Which of the following is NOT an example of a financial institution?
A) Credit Union
B) Library
C) Savings and Loan
D) Bank
  • 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) there is no check number
B) $147.50
C) 4321
D) October 28, 2004
  • 4. Who is this receiving this check for payment?
A) ABC Company
B) Pat Payee
C) school supplies
D) $147.50
  • 5. Who will endorse this check on the back?
A) the CFO
B) Calvin Luther Martin
C) the bank teller
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) 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) Deposit
C) Bounced Check
D) Interest
  • 8. Who endorses a check?
A) The bank of the person who received it
B) The person the check was written to
C) The person who wrote it
D) The bank of the person who wrote it
  • 9. If there are two recipients of the check, who endorses it?
A) If "or," both
B) If "&," both
C) If "&," either one
D) no endorsement is needed
  • 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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