Banking Concepts Trivia: MCQ Quiz!

8 Questions | Total Attempts: 113

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Banking Quizzes & Trivia

Questions and Answers
  • 1. 
    What is the limit for FDIC insurance on a single account?
    • A. 

      $100,000.00

    • B. 

      $150,000.00

    • C. 

      $200,000.00

    • D. 

      $250,000.00

    • E. 

      $300,000.00

  • 2. 
    A PIN on a debit card is a?
    • A. 

      Passbook interest number

    • B. 

      Personal insurance number

    • C. 

      Personal identification number

    • D. 

      Passbook insurance number

    • E. 

      There isn't a PIN number on a debit card

  • 3. 
    What type of account is a mix between a savings and checking account?
    • A. 

      Share draft account

    • B. 

      Standard account

    • C. 

      Interest account

    • D. 

      Special account

  • 4. 
    Check 21 means
    • A. 

      The bank uses an electronic image of a check

    • B. 

      The bank returns your cancelled check

    • C. 

      The bank doesn't return the original paper check

    • D. 

      The bank gives you 21 free checks per month

  • 5. 
    Which of the following is NOT a banking service? 
    • A. 

      Electronic Funds Transfer

    • B. 

      Safe Deposit Boxes

    • C. 

      Stop Payment Orders

    • D. 

      Discretionary Funds

  • 6. 
    A check written by the bank on its own funds is a(n)
  • 7. 
    When you write a check and your account doesn't have the funds to cover the check, the check will _____________________.
  • 8. 
    A _______________________ is a type of endorsement that is simply writing your name on the back of a check.