
Checking Accounts
Authored by Khari Burns
Social Studies
10th Grade
28 Questions

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A checking account is primarily used for which of the following purposes, and which of these is a component of a typical bank statement?
Making everyday transactions; Account balance
Long-term savings; Loan interest rate
Investing in stocks; Portfolio summary
Paying off mortgages; Property appraisal
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ways you can deposit and withdraw funds from your checking account include:
Using ATMs, writing checks, visiting a bank branch, and using online banking
Only using cash at a bank branch
Only through mobile apps
Only by writing checks
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best explains the pros and cons of opening a checking account at a credit union?
Credit unions often offer lower fees and better interest rates, but may have fewer branches and ATMs compared to banks.
Credit unions always have more branches and higher fees than traditional banks.
Opening a checking account at a credit union guarantees unlimited ATM access worldwide.
Credit unions provide no benefits over traditional banks when it comes to checking accounts.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purpose of FDIC insurance is to:
Protect depositors' funds in banks in case of bank failure.
Increase the interest rates on savings accounts.
Provide loans to small businesses.
Regulate stock market investments.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The article describes ways to put money into your checking account. Have you ever made a cash deposit at your bank?
Yes
No
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The article describes ways to put money into your checking account. Have you ever deposited a check at your bank?
Yes
No
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The article describes ways to put money into your checking account. Have you ever used an ATM to deposit your money?
Yes
No
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