- 1. Which of the following is NOT an example of a financial institution?
A) Bank
B) Savings and Loan
C) Library
D) Credit Union
- 2. When depositing money into an account, it is important to:
A) sign your deposit slip
B) swipe your credit card
C) thank the teller
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) True
B) False
- 4. If your checking account balance is $50 and you deposit $20, what is your new balance?
A) $20
B) $50
C) $70
D) $30
- 5. What is the check # on this check?
A) there is no check number
B) October 28, 2004
C) 4321
D) $147.50
- 6. Who is this receiving this check for payment?
A) $147.50
B) school supplies
C) ABC Company
D) Pat Payee
- 7. What is this an example of?
A) Debit Card
B) Check
C) Deposit Slip
D) Bank Statement
- 8. What is this an example of?
A) personal check
B) deposit slip
C) bank statement
D) business check
- 9. How much cash will the teller give Jane when she makes this deposit?
A) $25.00
B) $216.63
C) $54.13
D) $241.63
- 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) CEO - Chief Executive Officer
B) CFO - Chief Financial Officer
C) Bank Teller
D) Bank Manager
- 12. Who will endorse this check on the back?
A) John Doe
B) Calvin Luther Martin
C) the CFO
D) the bank teller
- 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) Drive Thru Banking
C) ATM (Automated Teller Machine)
D) Online Banking
- 14. When should you sign your deposit slip?
A) when you want cash back
B) you should always sign your deposit slip
C) you should never sign your deposit slip
D) when you want to deposit all of the money in your account
- 15. What is a check that is written for more than the amount of money in a checking account?
A) Bounced Check
B) Deposit
C) Paycheck
D) Interest
- 16. What check number did this person use to buy shoes for Jennifer?
A) $29.80
B) 3308
C) 3310
D) 3309
- 17. How many deposits are shown in this check register?
A) four
B) one
C) three
D) two
- 18. What is this an example of?
A) check
B) debit card
C) bank statement
D) check register
- 19. What was the cost of the visit to the hair salon?
A) $29.00
B) $514.54
C) $29.80
D) $21.00
- 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) True
B) False
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