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Test your basic knowledge |
Banking Services
Start Test
Study First
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 check with 'VOID' written across it that make it non-negotiable.
clearinghouse
void check
direct deposit
interest
2. To write a future date on a check.
worksheet
direct deposit
principal
post-date
3. An account where more than one person has the right to use it.
deposit slip
blank endorsement
joint
post-date
4. 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.
check
money order
check register
debit
5. Money you put into your account.
check register
unsecured loan
checkbook
deposit
6. Something you must 'handwrite' on every check.
currency
reasons to have a checking account
signature
drawer
7. A loan for a home.
blank endorsement
drawer
post-date
mortgage
8. Someone who keeps up with their checkbook and correct balance.
cashier's check
currency
compound interest
Money manager
9. Your employer automatically deposits your paycheck into your account.
direct deposit
check register
individual
Money manager
10. A sum of money deducted from your account.
ATM
Money manager
debit
identification
11. A form you fill out to credit money to your account when you make a deposit.
credit
identification
clearinghouse
deposit slip
12. A check that has been written but not yet deducted from the person's bank account.
mortgage
Transaction
outstanding check
post-date
13. A check on which the drawer's signature has been forged.
money order
forged check
debit
overdraw
14. The section of your bank statement that you use to balance your checkbook.
worksheet
endorse
signature
check register
15. 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.
16. Making the check payable to a third party and preventing anyone else from cashing it.
mortgage
worksheet
special endorsement
check stub
17. A plastic card that enables you to do ATM transactions and to make purchases instead of using cash or writing a check.
clearinghouse
debit card
worksheet
check
18. The signature of the person to whom the check is written is made on the back of the check.
compound interest
signature card
post-date
blank endorsement
19. A sum of money deposited into an account. Also the ability to charge merchandise or borrow money.
credit
drawer
clearinghouse
PIN
20. To sign the back of a check made out to you so it can be cashed or deposited.
forged check
ATM
endorse
deposit
21. To write a check or make a withdrawal when there isn't enough money in the account to pay for it.
check
unsecured loan
void check
overdraw
22. Personal Identification Number needed to use an ATM card.
ink
deposit
interest
PIN
23. The monthly record of your account transactions sent to you by your bank.
statement
ink
cashier's check
payee
24. A handy portfolio that holds your check register - checks - deposit slips - receipts - and other ATM/debit card transactions.
identification
debit card
payee
checkbook
25. Credit card or student loan
ATM
unsecured loan
debit
statement
26. An activity you conduct on your account such as a deposit - withdrawal - transfer - etc.
restrictive endorsement
compound interest
ATM
Transaction
27. What you should always write with on every check.
ink
void check
outstanding check
unsecured loan
28. Automatic Teller Machine
checkbook
outstanding check
currency
ATM
29. A written order to the bank that tells it to take a stated amount of money from your account and pay to another.
check
cashier's check
outstanding deposit
individual
30. The amount of money you have in your account.
secured loan
principal
balance
signature card
31. A deposit that has been made but not yet added to the person's bank account.
ATM
joint
outstanding deposit
outstanding check
32. Safety - Proof of payment - convenience - establishes credit - & budgeting
joint
outstanding deposit
cancelled check
reasons to have a checking account
33. An account where only one person has the right to use it.
principal
interest
individual
overdraw
34. A card used when opening a new account that includes name - address - birthdate - etc.
ATM
debit card
void check
signature card
35. Earning interest on the previous amount of interest earned.
individual
currency
check register
compound interest
36. Paper money in circulation.
reasons to have a checking account
deposit
currency
blank endorsement
37. To 'balance' your checking account with your monthly statement from the bank.
overdraw
reconcile
reasons to have a checking account
signature card
38. The person to whom the check is made payable.
PIN
special endorsement
blank endorsement
payee
39. A type of endorsement that states that the check is only to be deposited.
restrictive endorsement
special endorsement
check
deposit
40. The person Who issues the check.
identification
debit card
reconcile
drawer
41. The amount of money you borrow in a loan.
void check
blank endorsement
ATM
principal
42. The part of a check that you keep as record of the transaction if you do not use a check register.
check stub
ink
compound interest
currency
43. Checks the bank has paid. They will appear on your bank statement.
currency
compound interest
interest
cancelled check
44. What you need before you can have a check OK'd by most retail stores.
identification
principal
compound interest
post-date
45. A place where account information on deposits and withdrawals is exchanged - often electronically.
clearinghouse
direct deposit
currency
endorse
46. A record that allows you to keep track of checks you have written - ATM/debit card transactions - as well as deposits and withdrawals.
endorse
statement
check register
checkbook
47. A fee paid to you for keeping your money in the account or a fee charged to you for a loan or credit card.
special endorsement
post-date
interest
payee
48. A type of loan on a house - car - furniture - etc.
individual
signature card
secured loan
reconcile