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. The amount of money you have in your account.






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






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






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






5. Automatic Teller Machine






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






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






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






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






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






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






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






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






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






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






18. Paper money in circulation.






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






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






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






22. A sum of money deducted from your account.






23. To write a future date on a check.






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






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






26. Credit card or student loan






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






28. A loan for a home.






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






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






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






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






33. Money you put into your account.






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






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






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






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






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






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






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






41. 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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42. The person Who issues the check.






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






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






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






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






47. 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.






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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