Chapter 4 - Personal Finance

Which is not found at the bottom of a check?

• Check number

• Routing number

• Checking account number

• Account name

True or False: You add debits and subtract credits.

• True

• False

Which field is NOT mandatory when writing a check?

• Who the check is payable to

• Memo

• Written dollar amount

• Date

True or False: When making a deposit and you want "less cash", you must sign the deposit slip.

• True

• False

When you create your ATM pin number, you should...

• Share it with the love of your life

• Write it down on the back of your ATM card

• Memorize it

• Write it on a piece of paper and keep it with your card

When writing a check, the written amount in cents should be in...

• Decimal form

• Fraction form

• Words

• Chinese

True or False: When depositing a check in the bank, you must sign the back of the check which is called endorsing.

• True

• False

What does it mean to "bounce" a check?

• If you drop a check on the ground it pops back up to you.

• It's when you hand a check to a friend and they don't accept it

• When a check gets returned because of no funds

• When you roll the check up into a ball and throw it against the wall and comes back to you.

What can you do if you do not feel comfortable receiving a personal check?

• Ask for cash

• Ask for a cashiers check

• Ask for a wire transfer

• All are safer methods of payment.

True or False: When entering an amount in the "less cash received" line of a deposit slip you must sign the deposit slip.

• True

• False