Quiz about Checking Account Vocabulary Review

Question 1

This cancels a check and ensures that it can't be used.

Accepted Answer

void

Answer

ledger

Answer

endorse

Answer

check

Question 2

Also known as a register, this is a book where you record the balance and transaction for your checking account.

Accepted Answer

ledger

Answer

ATM

Answer

balance

Answer

void

Question 3

A PIN is a combination of numbers, (typically 4) which acts as a password for your account.

Accepted Answer

PIN number

Answer

money

Answer

check

Answer

deposit

Question 4

These allow you to make purchases similar to a credit card and also gives you access to ATMs. It's the equivalent of writing a check, but with the convenience of a credit card.

Accepted Answer

debit card

Answer

number

Answer

checkbook

Answer

balance

Question 5

The amount of money you have in a bank account.

Accepted Answer

balance

Answer

check

Answer

debt

Answer

deposit

Question 6

Writing a check for more than you have in your account. Banks will typically charge a fee for doing this.

Accepted Answer

bouncing a check

Answer

endorse

Answer

debt

Answer

void

Question 7

A written contract between you and your bank. When you do this you are asking the bank to take money from your account and give it to someone else or a business.

Accepted Answer

check

Answer

ATM

Answer

ledger

Question 8

This refers to when you put money into a bank account. Your account balance will go up because you are adding money to your account.

Accepted Answer

deposit

Answer

endorse

Answer

debt

Answer

withdraw

Question 9

This is the signature on the front and back of a check verifying that you agree to the transaction of the check.

Accepted Answer

endorse

Answer

tear up

Answer

address

Question 10

This refers to when you take money out of your bank account. Your account balance will go down when you do this.

Accepted Answer

withdrawal

Answer

deposit

Answer

checkbook

Answer

account

Question 11

This is a computer terminal that can give you money from your checking account. You may also be able to deposit money into your account at one of these.

Accepted Answer

ATM

Answer

Target

Answer

grocery store

Answer

Walmart

Question 12

This account allows you to write checks for paying for things. A bank takes the money from your account and pays it to the person or company named on the check.

Accepted Answer

checking account

Answer

Food Lion

Answer

bookbag

Answer

bank

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