Banking Multiple Choice

Banking Multiple Choice

11th - 12th Grade

11 Qs

quiz-placeholder

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Banking Multiple Choice

Banking Multiple Choice

Assessment

Quiz

Business

11th - 12th Grade

Hard

Created by

Karen Lewis

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Taking more money out of your account than is available​ is called?

Overdraw
Deposit
Withdraw
Balance

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is one difference between Banks and Credit Unions?

Banks have Checking accounts and Credit Unions have Savings Accounts
Banks are for profit.  Credit Unions are Non-profit.
Banks can give loans and Credit Unions cannot
Credit Unions allow everyone to join and Banks are selective

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the amount of money required to be stay in an account?

Maximum Balance
Minimum Balance
Minimum Deposit
Maximum Deposit

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What agencies insure banks and credit unions?

IRS and DHS
DHS and FDIC
FDIC and NCUA
NCUA and FICA

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

You should keep your pin number in your wallet.

True
False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the name of a legal document that functions like cash?

Check
ATM
Deposit slip
PIN

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When do you have to sign a deposit slip?

When you receive cash back
When you deposit any amount of cash
When you deposit more than $100
When you deposit more than $10,000

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