Chapter 5 test - Finance

Chapter 5 test - Finance

Assessment

Flashcard

Financial Education

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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33 questions

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1.

FLASHCARD QUESTION

Front

A canceled check is one that has been processed by the bank.

Back

True

2.

FLASHCARD QUESTION

Front

Floating a check is illegal in most states.

Back

true

3.

FLASHCARD QUESTION

Front

Writing a future date on a check is called postdating.

Back

True

4.

FLASHCARD QUESTION

Front

Paying bills online is generally considered slower and riskier than writing checks.

Back

False

5.

FLASHCARD QUESTION

Front

When depositing a check into your account, you should write the check’s ABA number on the deposit slip.

Back

True

6.

FLASHCARD QUESTION

Front

The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.

Back

False

7.

FLASHCARD QUESTION

Front

You should reconcile your checking account as soon as you receive your bank statement.

Back

true

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