Finance Quiz - Checking Accounts Vocabulary

7 Questions | Attempts: 1054

Finance Quiz - Checking Accounts Vocabulary - Quiz

Vocabuary words on finance.

Questions and Answers
  • 1. 
    What is money?
    • A. 

      Currency used as an accepted way of exchange. We all agree it has value.

    • B. 

      Something you use as wallpaper.

    • C. 

      Shells, cows, etc. Things traded for something else.

  • 2. 
    What of the following apply for a  "Check"?
    • A. 

      A written order instructing the bank to pay money to someone.

    • B. 

      It must have a date, amount and signature.

    • C. 

      It must be filled out in pen, with no empty spaces.

    • D. 

      All of the above.

  • 3. 
    What is a "Check register"?
    • A. 

      A book that you write in.

    • B. 

      A way to sign up for a magazine subscription.

    • C. 

      A paper form used to keep track of the checks written.

  • 4. 
    What is a "Savings Account"?
    • A. 

      An account that gives you free money.

    • B. 

      A bank account you put money into for future large purchases.

    • C. 

      An account that looks like a pig.

  • 5. 
    What is a "Withdrawal"?
  • 6. 
    What does it mean to "Deposit" money?
  • 7. 
    What is a "Balance"?
    • A. 

      When you stand on one foot.

    • B. 

      The money you won with a Lottery card.

    • C. 

      The exact amount of money in an account.

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