Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
PF 4.02
Test Description: 4.02 questions and vocab
Instructions: Answer all questions to get your test result.
1) How do credit unions and brokerage firms compare?
A
Brokerage firms specialize in buying and selling stocks; credit unions do not
B
Both are insured by NCUA
C
Brokerage firms are not licensed; credit unions are
D
Brokerage firms are nonprofit financial cooperatives; credit unions are not
2) Jake has a basic account that allows him to deposit and withdraw money, write checks, and receive a monthly statement with no service charge if he maintains a minimum balance of $5
A
Share account
B
Savings account
C
Retirement plan account
D
Checking account
3) Darlene needs to borrow money to buy a townhome. What type of financial service would meet this need?
A
Safe-deposit box
B
Financial counseling
C
Credit card
D
Mortgage
4) An advantage of E-banking over traditional banking is that:
A
theft and fraud are less likely to happen with E-banking.
B
PIN numbers are a better security protection than personal check signatures.
C
E-banking is faster and accepted worldwide.
D
paying by personal check is safer than by point-of-sale transfer.
5) Vera authorized the bank to pay her phone bill each month from her account. Which E-banking service is this?
A
Direct withdrawal
B
Automated Teller Machine (ATM)
C
Smart card
D
Point-of-sale transfer
6) Sheila is ready to reconcile her bank statement with her check record. What should she do?
A
Add checks outstanding and subtract deposits made since statement
B
Add deposits outstanding and subtract checks written since statement
C
Add deposits made and checks written since statement
D
Subtract checks written and deposits made since statement
7) What is a Cashier's check?
A
Paper money; bills
B
A personal check with a bank’s guarantee of payment
C
A check bought from a bank with payment guaranteed by the bank
D
A hand-written document used to pay for purchases using funds in a personal checking account
8) What is a certified check?
A
A way for people with no checking account to send money by mail
B
A personal check with a bank’s guarantee of payment
C
check bought from a bank with payment guaranteed by the bank
D
Paper money; bills
9) What is a Traveler's check?
A
A hand-written document used to pay for purchases using funds in a personal checking account
B
A card used for payment through credit with interest accruing
C
A way for people with no checking account to send money by mail
D
A check used in place of cash when traveling for greater security
10) What is a money order?
A
A check bought from a bank with payment guaranteed by the bank
B
A hand-written document used to pay for purchases using funds in a personal checking account
C
A way for people with no checking account to send money by mail
D
Paper money; bills
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?