- 1. Which of the following is NOT an example of a financial institution?
A) Library
B) Savings and Loan
C) Credit Union
D) Bank
- 2. When depositing money into an account, it is important to:
A) swipe your credit card
B) sign your deposit slip
C) include your account number
D) thank the teller
- 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) $70
B) $20
C) $30
D) $50
- 5. What is the check # on this check?
A) $147.50
B) October 28, 2004
C) 4321
D) there is no check number
- 6. Who is this receiving this check for payment?
A) $147.50
B) school supplies
C) Pat Payee
D) ABC Company
- 7. What is this an example of?
A) Bank Statement
B) Debit Card
C) Check
D) Deposit Slip
- 8. What is this an example of?
A) bank statement
B) business check
C) personal check
D) deposit slip
- 9. How much cash will the teller give Jane when she makes this deposit?
A) $25.00
B) $216.63
C) $241.63
D) $54.13
- 10. How much will be deposited into Jane's account?
A) $54.13
B) $25.00
C) $241.63
D) $216.63
- 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) Calvin Luther Martin
B) the bank teller
C) the CFO
D) John Doe
- 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) ATM (Automated Teller Machine)
D) Drive Thru Banking
- 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) Interest
B) Paycheck
C) Deposit
D) Bounced Check
- 16. What check number did this person use to buy shoes for Jennifer?
A) 3309
B) 3310
C) $29.80
D) 3308
- 17. How many deposits are shown in this check register?
A) one
B) four
C) three
D) two
- 18. What is this an example of?
A) check register
B) check
C) debit card
D) bank statement
- 19. What was the cost of the visit to the hair salon?
A) $514.54
B) $29.80
C) $21.00
D) $29.00
- 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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