Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/30
Score 0
Your bank balance is $530.00. You write a check at Best Buy for a new television in the amount of $569.00. Your bank, when it receives your check, will send it back to Best Buy marked
30
short of funds.
non-sufficient funds.
stop payment.
cancelled.
Q 2/30
Score 0
Which of the following assets is the most liquid
30
a certificate of deposit that comes due in three months.
the money in your pocket.
100 shares of common stock.
the money in your savings account.
30 questions
Q.
Your bank balance is $530.00. You write a check at Best Buy for a new television in the amount of $569.00. Your bank, when it receives your check, will send it back to Best Buy marked
1
30 sec
Q.
Which of the following assets is the most liquid
2
30 sec
Q.
The American Bankers Association (ABA) number on a check is used to
3
30 sec
Q.
__________ is an automatic loan made to you by a financial institution if you write a check or make a debit charge for more money than you have in your account.
4
30 sec
Q.
A(n) ____________ is a report that accounts for the differences between a bank statement and a check book balance.
5
30 sec
Q.
A computer-based system that moves money from one account to another without writing a check or using cash is
6
30 sec
Q.
The calculation for simple interest is ___________ x interest rate x amount of time.
7
30 sec
Q.
A personal check that the bank guarantees to be good is a:
8
30 sec
Q.
The federal tax that is deducted from your paycheck each pay period that provides for retirement, disability, and survivor benefits is
9
30 sec
Q.
If a driver receives several traffic tickets, his or her insurance premiums will probably
10
30 sec
Q.
The people who will have the legal right to your assets when you die are your
11
30 sec
Q.
A corporation that does not sell its stock to the general public is a
12
30 sec
Q.
For which product would it be most beneficial to do comparison shopping?
13
30 sec
Q.
What court deals with legal disputes that involve dollar amounts below a certain limit, which varies from state-to-state?
14
30 sec
Q.
Holding a variety of investments in order to reduce risk is called
15
30 sec
Q.
The purpose of savings is to
16
30 sec
Q.
The amount of a personal loan that a creditor will approve is based on
17
30 sec
Q.
A loan that is used to secure financing for the purchase of a house or other real estate is called a(n)
18
30 sec
Q.
The amount the insured must pay before an insurance company will begin paying a claim is called a
19
30 sec
Q.
Which of the following endorsements limits what can be done with a check?
20
30 sec
Q.
A form used to record all transaction activity in a checking account is a
21
30 sec
Q.
Which of the following directly transfers money from a person’s account to the account of a retailer?
22
30 sec
Q.
Ricardo has written a $150 check to Angelo, but he has only $100 in his account and it is returned unpaid to Angelo. Ricardo has written a
23
30 sec
Q.
All of the following are considered installment loans except
24
30 sec
Q.
Which of the following is not a typical duty of a bank teller?
25
30 sec
Q.
If you make a mistake when writing a check, you should
26
30 sec
Q.
A disadvantage of people looking forward to receiving a large government tax refund is
27
30 sec
Q.
Outstanding deposits should be added
28
30 sec
Q.
The disadvantage of choosing smaller payments when paying back a loan is
29
30 sec
Q.
The tax a person pays at the time he or she buys a new vehicle is a(n)
