Basics of Checking Accounts

Basics of Checking Accounts

9th - 12th Grade

10 Qs

quiz-placeholder

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Basics of Checking Accounts

Basics of Checking Accounts

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

Christian Cayago

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Abdulla opened a bank account. Which of the following methods can he withdraw money?

debit cards

cheques

over-the-counter

all of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A checking account that is shared by two persons who are equally responsible for the account.

interest-bearing account

joint account

regular account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A checking account that has a minimum balance range of $50 to $500.

interest-bearing account

joint account

regular account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A checking account that has a minimum balance range of $1,000 to $10,000.

interest-bearing account

joint account

regular account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is incorrect about interest-bearing accounts?

It has unlimited number of cheques

It earns interest on the account's remaining balance

It has limited number of cheques

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is record of your signature used by the bank to verify your identity.

signature bank

forged signature

signature stamp

signature card

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most banks nowadays offer online banking.

True

False

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