Unit 5 Targets A-C
Quiz by Rachel Wells
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10 questions
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- Q1What are two reasons to put money in a bank?Safety and InsuranceSavings and InterestSafety and SavingsSafety and Interest30s
- Q2When employers put money in an employee’s account rather than printing a paycheckCheck cashingDebit cardsOnline bill payDirect deposit30s
- Q3What does ATM stand for?Automated Teller MachineAuthorized Teller MachineAutomated Trust MoneyAutomatic Teller Money30s
- Q4Convenient way to pay bills without physically writing checks using a banking account management toolDebit CardDirect DepositCheck CashingOnline Bill Pay30s
- Q5Fee for making late or missing payments on loans or credit cards issues by one’s bankReturned Check feesATM transaction feesMonthly service feeLate fees30s
- Q6Fee for checks that “bounce” or are returned for insufficient funds in the checking accountLate feeATM Transaction feeMonthly service feeReturned check fee30s
- Q7Without bank records it is difficult to create a history of paying back debts in an example of...Establishing CreditKeeping money safeReceiving IncomeCashing checks30s
- Q8Banks typically charge fees to those who are not customers at the bank who want to trade a check for cash is an example of...Acquiring loansReceiving incomeestablishing creditCashing checks30s
- Q9Money that is not stored in a bank can be stolen or destroyed is an example of...Keeping Money SafeCashing ChecksAcquiring LoansReceiving Income30s
- Q10Some employers will only pay employees by direct deposit is an example of...Acquiring LoansCashing ChecksEstablishing CreditReceiving Income30s