Finance Quiz - Checking Accounts Vocabulary
7 Questions
| Attempts: 1054
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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