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. Paper money in circulation.






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






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






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






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






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






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






8. To write a future date on a check.






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






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






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






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






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






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






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






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






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






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






19. A loan for a home.






20. Credit card or student loan






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






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






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






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






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






26. Money you put into your account.






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






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






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






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






31. 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.


32. Automatic Teller Machine






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






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






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






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






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






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






39. 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.






40. The person Who issues the check.






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






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






43. A sum of money deducted from your account.






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






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






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






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






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