Banking Question Preview (ID: 39457)


Consumer Ed Review On Banking. TEACHERS: click here for quick copy question ID numbers.

Account-related fees for customers, such as late fees and overdraft fees.
a) Service fees
b) Credit fees
c) Account fees
d) Damages

A report of deposits, withdrawals, and bank balances sent by a bank
a) Bank statement
b) Certificate of deposit
c) Bank account
d) Checking balance

A record of the amount of money a customer has deposited into or withdrawn from a bank
a) Bank account
b) Investment account
c) Brokerage account
d) Deposits

To take money from a person or bank and agree to pay it back to them at a later time
a) Borrow
b) Loan
c) Payoff
d) Lend

A business interaction
a) Transaction
b) Deal
c) Meeting
d) Agreement

An arrangement to receive cash, goods, or services now and pay for them in the future.
a) Credit
b) Debit
c) Lien
d) Loan

To remove money from the bank
a) Withdrawal
b) Deposit
c) Investing
d) Interest

To put money in the bank
a) Deposit
b) Withdrawal
c) Interest
d) Investing

A check written for more money than your account contains
a) Overdraft
b) Credit
c) Loan
d) Nonpayment

To write one's signature on the back of a check
a) Endorse
b) Notarize
c) Approve
d) Authorize

A written order directing a bank to pay money
a) Check
b) Withdrawal
c) Transfer
d) Deposit

To move money from one account to another
a) Transfer
b) Withdrawal
c) Deposit
d) Deduction

Your account is protected even if you have insufficient funds in your account.
a) Overdraft protection
b) Withdrawal protection
c) Banking protection
d) Checking protection

When you try to purchase an item using a check or debit card without having enough money in your bank accoun
a) Insufficient funds
b) Overdraft protection
c) Transactions
d) Purchases

An electronic deposit of a paycheck
a) Direct deposit
b) Debit transaction
c) Credit transaction
d) On demand payment

Deposits that are delayed so banks can clear them
a) Funds on hold
b) Direct deposits
c) ATM transactions
d) Electronic payments

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