Choose which one is the correct form for writing an amount in words and numerically.
checking account review

Quiz
•
Business
•
9th Grade
•
Hard
Shonda Hogeston
Used 5+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$603.00; Six hundred and three dollars and 00/100
$45.00; Forty and five dollars and 00/100
$603.00; Six hundred and three dollars
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When should you reconcile your checking account?
After every transaction
Once a year
As soon as you receive your bank statement
When you suspect fraud
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Can a check be cashed before it is reconciled?
Yes
No
Only in certain states
Only with special permission from the bank
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the usual reason for a stop-payment order on a check?
The check amount is too high.
The check has been lost or stolen.
The recipient's account is closed.
The check was written in error.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement is true about recording debit card transactions in your checkbook register?
It is not necessary to record them.
They should be recorded just like checks.
They are automatically recorded by the bank.
Recording them is optional but recommended.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when a check is returned due to insufficient funds in the payee's bank account?
The check is canceled.
The check is postdated.
The check is bounced.
The check is floated.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is typically referred to as the payee in a transaction?
The person to whom a check is payable.
The person who deposits the check.
The bank officer handling the transaction.
The person demanding payment.
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