Test your basic knowledge |

Banking Services

Subject : personal-finance
Instructions:
  • Answer 48 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. An account where only one person has the right to use it.






2. Checks the bank has paid. They will appear on your bank statement.






3. A sum of money deducted from your account.






4. Your employer automatically deposits your paycheck into your account.






5. A fee paid to you for keeping your money in the account or a fee charged to you for a loan or credit card.






6. Making the check payable to a third party and preventing anyone else from cashing it.






7. A loan for a home.






8. Paper money in circulation.






9. The person to whom the check is made payable.






10. A form you fill out to credit money to your account when you make a deposit.






11. To write a check or make a withdrawal when there isn't enough money in the account to pay for it.






12. The section of your bank statement that you use to balance your checkbook.






13. A check issued by a bank and sold to you for personal payments to people who won't accept a personal check. It certifies that you have the money available.

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14. A type of loan on a house - car - furniture - etc.






15. To write a future date on a check.






16. To 'balance' your checking account with your monthly statement from the bank.






17. A handy portfolio that holds your check register - checks - deposit slips - receipts - and other ATM/debit card transactions.






18. What you should always write with on every check.






19. Someone who keeps up with their checkbook and correct balance.






20. A check that has been written but not yet deducted from the person's bank account.






21. An account where more than one person has the right to use it.






22. A written order to the bank that tells it to take a stated amount of money from your account and pay to another.






23. A card used when opening a new account that includes name - address - birthdate - etc.






24. The monthly record of your account transactions sent to you by your bank.






25. Something you must 'handwrite' on every check.






26. Safety - Proof of payment - convenience - establishes credit - & budgeting






27. Credit card or student loan






28. A record that allows you to keep track of checks you have written - ATM/debit card transactions - as well as deposits and withdrawals.






29. Money you put into your account.






30. The amount of money you have in your account.






31. A place where account information on deposits and withdrawals is exchanged - often electronically.






32. The part of a check that you keep as record of the transaction if you do not use a check register.






33. Earning interest on the previous amount of interest earned.






34. The person Who issues the check.






35. Automatic Teller Machine






36. To sign the back of a check made out to you so it can be cashed or deposited.






37. A check with 'VOID' written across it that make it non-negotiable.






38. What you need before you can have a check OK'd by most retail stores.






39. A check on which the drawer's signature has been forged.






40. An activity you conduct on your account such as a deposit - withdrawal - transfer - etc.






41. A deposit that has been made but not yet added to the person's bank account.






42. A sum of money deposited into an account. Also the ability to charge merchandise or borrow money.






43. Personal Identification Number needed to use an ATM card.






44. A form of check payment on which the financial institution prints the exact amount covered. Often used by people who do not have a checking account.






45. The signature of the person to whom the check is written is made on the back of the check.






46. The amount of money you borrow in a loan.






47. A type of endorsement that states that the check is only to be deposited.






48. A plastic card that enables you to do ATM transactions and to make purchases instead of using cash or writing a check.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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