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






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






3. Credit card or student loan






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






5. 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.






6. To write a future date on a check.






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






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






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






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






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






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






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






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






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






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






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






19. The person Who issues the check.






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






21. Paper money in circulation.






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






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






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






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






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






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






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






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






30. Automatic Teller Machine






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






32. A loan for a home.






33. A sum of money deducted from your account.






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






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






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






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






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






39. An account where only one person has the right to use it.






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






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






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






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






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






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






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






47. Money you put into your account.






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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