Introduction to Banking Review

What is a transaction register?

• a place to register your debit card

• a place to record withdrawals and deposits

• a place to register banking mistakes

• none of the above

A debit card allows...

• direct access to your money

• access to money you are borrowing

• other people access to your money

• the bank access to your money

What is a savings account?

• a place the bank holds your money for future use

• a place the bank keeps your money for everyday use

• a place for money that you are borrowing

• none of the above

A debit card takes the money out of your account...

• in two days

• in two weeks

• in one week

• immediately

How much money do you need to open a checking account?

• $500-$850

• $400-$500

• $25-$100

• $1,000-$1,500

Which of the following lets you safely make payments, send money, and accept payments electronically?

• eBay

• PayPal

• Amazon

• Etsy

What is the quickest way to find a mistake in your bank account?

• using online banking

• your transaction register

• using your debit card

• writing a check

Which of the following cannot be used as identification to open a bank account?

• a passport

• a driver's license

• a piece of mail with your name

• a birth certificate