Checking Account & Debit Card

15 Questions | Total Attempts: 291

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Debit Card Quizzes & Trivia

Questions and Answers
  • 1. 
    How are funds in a checking account accessed?
    • A. 

      Check and ATM

    • B. 

      Debit card

    • C. 

      Telephone and Internet

    • D. 

      All of the above

  • 2. 
    The steps in writing a check are:
    • A. 

      Amount, payee, date, signature

    • B. 

      Signature, payee, amount, date

    • C. 

      Date, payee, amount, signature

    • D. 

      Date, amount, payee, signature

  • 3. 
    What are common financial services used by many consumers?
    • A. 

      Checking account and debit card

    • B. 

      Checking account and stock issues

    • C. 

      Debit card and stock issues

    • D. 

      Stock issues and bonds

  • 4. 
    What are the three types of endorsements?
    • A. 

      Blank, Reduced, and Special

    • B. 

      Blank, Restrictive, and Spectacular

    • C. 

      Bold, Restrictive, and Special

    • D. 

      Blank, Restrictive, and Special

  • 5. 
    What information is located on an account holder's check in the top left corner?
    • A. 

      Name, address, financial institution, ID number

    • B. 

      Name, address, financial institution, account number

    • C. 

      Name, address, financial institution, date

    • D. 

      None of the above

  • 6. 
    What is a check register?
    • A. 

      A place to get free movies.

    • B. 

      A place to record telephone calls.

    • C. 

      A place to record all monetary transactions

    • D. 

      A place to call home.

  • 7. 
    What is the term for balancing the checkbook with the bank statement?
    • A. 

      Reconciling

    • B. 

      Balancing

    • C. 

      Checking

    • D. 

      Registering

  • 8. 
    What should be filled out when making a deposit at the bank?
    • A. 

      Check

    • B. 

      Debit Card

    • C. 

      Deposit slip

    • D. 

      Sales slip

  • 9. 
    When making a withdrawal at an ATM machine, what should you write in the number column of the check register.
    • A. 

      ATM

    • B. 

      DC

    • C. 

      WITHDRAWAL

    • D. 

      DEP

  • 10. 
    When recording a debit card transaction in the check register, what should you write in the number column.
    • A. 

      DEP

    • B. 

      DC

    • C. 

      D

    • D. 

      ATM

  • 11. 
    When recording deposit in the check register, what should you write in the number column.
    • A. 

      D or DC

    • B. 

      DC or DEP

    • C. 

      DEP or ATM

    • D. 

      DEP or D

  • 12. 
    Why do people use checking accounts?
    • A. 

      Can spend more money

    • B. 

      Reduces the need to carry large sums of cash

    • C. 

      Convenient and Safety

    • D. 

      Both b and c

  • 13. 
    Why does a check bounce?
    • A. 

      Has too much air in it.

    • B. 

      Insufficient funds

    • C. 

      More than enough funds

    • D. 

      All of the above

  • 14. 
    Why is it important to record all transactions in the check register?
    • A. 

      Keep accurate record

    • B. 

      Keep track of checks written

    • C. 

      Keep track of deposits

    • D. 

      All of the above

  • 15. 
    Why should you write in cursive when signing a check?
    • A. 

      It is more difficult to read

    • B. 

      It is more difficult to see

    • C. 

      It is more difficult to copy

    • D. 

      All of the above

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