A
Josh received his paycheck and decided to open an account just for spending. Which account Should he open?
What is a CHECKING ACCOUNT
True or False:
The recipient of a check signs the bottom of the check.
What is FALSE
If I write tomorrow's date on a check, what type of date would that be?
What is POSTDATE
A fee charged by the bank if you don't meet the requirements of the account.
What is a MAINTENANCE FEE
A card used to make payments and purchases and/or use at the ATM.
What is a DEBIT CARD
A loan
What is Money that the financial institution allows you to borrow. Must be paid back and typically with interest.
How can you track a money order?
What is the SERIAL NUMBER
What can you use to purchase a money order?
What is CASH, DEBIT CARD or CREDIT CARD (BEWARE!)
How can you track a check?
What is a CHECK NUMBER
A deposit is what kind of transaction?
What is a CREDIT
Online shopping would be listed under which section of a bank statement?
What is WITHDRAWALS
Your bills on autopay would represent what kind of transaction?
What is DEBIT
The amount of money you have in your bank account
What is BANK BALANCE
What does ATM stand for?
Wat is AUTOMATED TELLER MACHINE
Which financial institution is non-profit?
What is a CREDIT UNION
A document that shows your deposits, withdrawals, and how much money you have sitting in your bank account.
What is a BANK STATEMENT
How many sections are typically on a bank statement?
What is FIVE
Money orders are very similar to checks except
What is CASH IS AVAILABLE IMMEDIATELY
What is YOU HAVE TO WRITE THE RECIPIENT'S ADDRESS
WHAT IS THE WRITTEN & NUMERICAL AMOUNT ARE PRINTED
WHAT IS SERIAL # instead of CHECK #
Your aunt gave you a $100 check for your birthday. What was written on the PAY TO THE ORDER OF line?
What is MY NAME
What is the maximum amount for a money order?
What is $1,000
ow do you calculate your ending balance on your bank statement?
What is
BEGINNING BALANCE+ DEPOSITS - WITDRAWALS-CHECKS PAID-SERVICE CARGES & FEES
Wat insures the money in Commercial and Online banks?
What is the FDIC
True or False
If you make a mistake on a money order you can void it and write a new one.
What is FALSE
How would you write the amount
$5,463.14
What is FIVE THOUSAND FOUR HUNDRED SIXTY THREE 14/100
Which financial institution has the most locations?
What is COMMERCIAL BANKS