Modules 105-107 Review Part 3 Question Preview (ID: 33850)


Modules 105-107 Review Part 3. TEACHERS: click here for quick copy question ID numbers.

A(n) _______ often earns more interest than a standard savings account.
a) automatic withdrawal
b) safety deposit box
c) credit card
d) money market account

The _______ is the least amount of money that you must keep in a savings account.
a) closing balance
b) maximum balance
c) minimum balance
d) opening balance

The deposits and withdrawals that you make each month with your account are called
a) credits
b) debits
c) overdrafts
d) transactions

With a money market account,
a) you have a limited number of transactions each month
b) you cannot do direct deposit
c) you earn no interest
d) a signature card is not required

When your money can be easily accessed and used for many purposes, it is
a) in deposit
b) liquid
c) overdrawn
d) undervalued

ATM stands for
a) access to money
b) automated teller machine
c) automated transaction methods
d) actual taxation methods

Online automatic payments are useful for
a) car payments
b) rent
c) utility payments
d) all of the above

What information is required on a bank account application?
a) Name
b) Birth date
c) Social Security number
d) All of the above

Banks keep your _______ on file to prove your identity.
a) passport
b) photograph
c) signature card
d) selective service card

Which of the following is NOT a way to get money out of a checking account?
a) Going to the bank and submitting a withdrawal slip to the teller or using the ATM
b) Writing a check for payment
c) Going to the bank and getting money out of your safety deposit box
d) Using a debit card to pay for something or setting up an automatic online payment

________________work closely with customers to help them manage their money on a day-to-day basis.
a) Tellers
b) Professional tax preparers
c) IRS auditors
d) FDIC officers

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