Personal Finance 4.02 A Question Preview (ID: 9834)


Personal Finance 4.02 A. TEACHERS: click here for quick copy question ID numbers.

Ralph wants to protect his debit card from fraud. What should he do?
a) Allow his friends his card instead of cash when needed
b) Leave the back of the card blank
c) Write his PIN on the back of his card
d) Write "See ID" on the back of the card

Penny wants to cash a check from her friend. What should she do?
a) Balance her checkbook
b) Endorse the back of the check
c) Open a checking account
d) Reconcile her bank statement

Jacob needs a personal check guaranteed by the bank for the purchase of a used car. Which is the BEST method of payment?
a) Certified check
b) Money order
c) Personal check
d) Share draft account

Justin doesn't have a bank account and needs to mail a payment to a person out of state. Which is the BEST method of payment?
a) Money order
b) Personal check
c) Share draft account
d) Traveler's check

Ted has a checking account at a local bank, but needs a guaranteed check to purchase an automobile for sale in his neighborhood. Which is the BEST method of payment?
a) Cashier's check
b) Money order
c) Personal check
d) Share draft account

George loaded $200 on a plastic card for his daughter to purchase clothes at the mall. Which E-banking service is this?
a) Automated Teller Machine (ATM)
b) Direct deposit
c) Point-of-sale transfer
d) Smart card

Curt has his paycheck sent directly to his checking account each pay period. Which Ebanking service is this?
a) Automated Teller Machine (ATM)
b) Direct deposit
c) Point-of-sale transfer
d) Smart card

Jamie slid her bank provided card and entered a PIN to withdrawal $20 cash from her checking account. Which E-banking service is this?
a) Automated Teller Machine (ATM)
b) Direct deposit
c) Point-of-sale transfer
d) Smart card

An advantage of E-banking over traditional banking is that E-banking:
a) allows for world wide access.
b) is less expensive.
c) leaves an automatic paper record of every transaction.
d) prevents fraud from occuring.

Junior was advised to store this deed of trust in a secure place. Which is the BEST location to store important items?
a) Filing cabinet
b) Locked box
c) Office desk drawer
d) Safe deposit box

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