Checking Accounts
Flashcard
•
Mathematics
•
11th Grade
•
Hard
+5
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a checking account?
Back
A checking account is a type of bank account that allows for numerous withdrawals and deposits, and is typically used for everyday transactions.
2.
FLASHCARD QUESTION
Front
What is the purpose of writing a check?
Back
The purpose of writing a check is to authorize a bank to pay a specific amount of money from your checking account to another person or entity.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
3.
FLASHCARD QUESTION
Front
What information is required on a check?
Back
A check must include the date, payee's name, amount in numbers and words, signature, and sometimes a memo.
4.
FLASHCARD QUESTION
Front
Why is it important to write the dollar amount in both numbers and words?
Back
Writing the dollar amount in both numbers and words helps prevent fraud and ensures clarity in the payment amount.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.3
CCSS.RI.9-10.3
CCSS.RI.9-10.5
5.
FLASHCARD QUESTION
Front
What does the memo line on a check indicate?
Back
The memo line is used to note the purpose of the payment or any additional information relevant to the transaction.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
6.
FLASHCARD QUESTION
Front
What happens if a check is written without sufficient funds in the account?
Back
If a check is written without sufficient funds, it may bounce, leading to fees and potential legal issues.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
7.
FLASHCARD QUESTION
Front
What is a payee?
Back
A payee is the person or entity to whom a check is written and who will receive the payment.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.3
CCSS.RI.9-10.3
CCSS.RI.9-10.5
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
Lesson 4.1 Review Checking Account Transactions
Flashcard
•
10th Grade
15 questions
QR Semester 1 Final
Flashcard
•
10th - 12th Grade
15 questions
Unit 2 L1 Banking
Flashcard
•
12th Grade
15 questions
Unit 1- Credit Card/UPC Code Validity
Flashcard
•
11th - 12th Grade
13 questions
Financial Literacy Banking
Flashcard
•
12th Grade
14 questions
A1: Chapter 5 Review
Flashcard
•
10th Grade
10 questions
Banking Review
Flashcard
•
11th Grade
15 questions
Banking services
Flashcard
•
12th Grade
Popular Resources on Wayground
10 questions
Video Games
Quiz
•
6th - 12th Grade
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
15 questions
Core 4 of Customer Service - Student Edition
Quiz
•
6th - 8th Grade
15 questions
What is Bullying?- Bullying Lesson Series 6-12
Lesson
•
11th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade
Discover more resources for Mathematics
20 questions
Parallel lines and transversals
Quiz
•
9th - 12th Grade
9 questions
Geometry and Trigonometry Concepts
Interactive video
•
9th - 12th Grade
31 questions
2.1.3 Angle relationships
Quiz
•
10th - 11th Grade
10 questions
Angle Relationships with Parallel Lines and a Transversal
Quiz
•
9th - 12th Grade
11 questions
Solving Multistep Equations Quiz
Quiz
•
11th Grade
10 questions
Intro to Parallel and Perpendicular Slopes
Quiz
•
9th - 12th Grade
15 questions
Absolute Value Equations and Inequalities
Quiz
•
9th - 11th Grade
15 questions
Intro To Compound Inequalities
Quiz
•
9th - 12th Grade