January Quiz on Check Writing

How do you fill in the payee on a check?

• Write the name of the payee on the 'Pay to the order of' line.

• Write the payee's address instead of the name

• Use a stamp to mark the payee

• Draw a picture of the payee

When writing the amount in words on a check, what should you do if the amount includes cents?

• Write the amount in words and ignore the cents

• Write the amount in words first, then followed by the cents written as a fraction over 100.

• Write the amount in numbers and ignore the cents

• Write the amount in words and then write the cents as a decimal

What is the purpose of signing a check?

• To add a personal touch to the check

• To make the check look fancy

• To show off your signature

• To verify the authenticity of the person issuing the check

What information is typically included in the memo line of a check?

• Description of the purpose of the payment or additional information

• Bank account number

• Date of birth

• Favorite color

Why is it important to keep track of the checks you write in your check register?

• To see how many checks you can write in a day

• To keep track of your favorite numbers

• To ensure you have enough funds and avoid overdrawing

• To practice handwriting skills

What is a legal name?

• A legal name is a the full name you were given a birth

• A legal name is always written in cursive

• A legal name is a name your go by everyday with your friends

• A legal name if the shortened version of your name

When writing a check what color of ink must you use?

What happens if you forget to fill in one of the lines on a check?

• Nothing happens

• The owner can not cash it

• The Pay to the order must fill in the blank line

• The bank will refuse to cash the check

Deposits represent

• money that is subtracted from your checking account.
• money that is available in your checking account.
• money that is added to your checking account.
• purchases made with a debit card.

Kayla had a balance of $106.15 in her checking account. She deposited $75.00. What is her new balance?

• 41.15

• 171.15

• 31.15

• 181.15