Understanding Checks and Banking Concepts

What is the size of a personal check?

• 5 by 3 inches

• 6 by 2.75 inches

• 7 by 2.5 inches

• 6 by 3 inches

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DOK Level 2: Skill/Concept

Which of the following is an example of a debit from your account?

• Deposit

• Direct Deposit

• Check

• Return of an item purchased

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DOK Level 2: Skill/Concept

What does NSF stand for in banking terms?

• Non-sufficient funds

• New savings fund

• National savings fund

• Non-standard funds

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DOK Level 2: Skill/Concept

Which of the following is a characteristic of a debit card?

• Buy NOW, pay LATER

• Money is borrowed

• Interest is generally paid

• Money is already in your bank account

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DOK Level 2: Skill/Concept

What is an overdraft fee?

• A fee charged for depositing money

• A fee charged for not having enough funds to cover a transaction

• A fee charged for using a credit card

• A fee charged for withdrawing money from an ATM

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DOK Level 2: Skill/Concept

Which of the following is an example of a credit to your account?

• Withdrawal

• ATM transaction

• Direct Deposit

• Check

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DOK Level 2: Skill/Concept

What does a personal check represent in terms of a contract?

• A promise to pay a specific amount

• A request for a loan

• A deposit of funds

• A withdrawal of funds

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DOK Level 2: Skill/Concept

Which of the following is NOT an example of a debit from your account?

• Debit Card

• ATM transaction

• Deposit

• Withdrawal

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DOK Level 2: Skill/Concept

What is the main difference between a debit card and a credit card?

• Debit card transactions incur interest

• Credit card transactions use money already in your account

• Debit card transactions use money already in your account

• Credit card transactions do not incur interest

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DOK Level 2: Skill/Concept

Which of the following is an example of a contract in banking?

• Writing a check

• Withdrawing money from an ATM

• Depositing money into a savings account

• Checking your account balance

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DOK Level 2: Skill/Concept