Checking & Savings
Quiz
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Medium
Jennifer McCall
Used 16+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Checking accounts are only offered by banks, not credit unions.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Bank deposits are insured by to $250,000 by which agency?
Social Security Administration
Federal Reserve System
Federal Deposit Insurance Corporation
Department of Treasury
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Credit unions are for-profit businesses.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which part of a check is the legal amount to be paid?
Numerical section
Written line
Signature
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Signing the back of a check made payable to you is called?
Deposit
Payor
Endorsement
Influencer
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Maintaining a minimum balance is one way of possibly qualifying for a free checking account.
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the first set of numbers at the bottom of the check called? (789123456)
Account Number
Check Number
Routing & Transit Number
Telephone Number
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