Banking Terminology Quiz
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which type of bank account is used to save money?

  • Savings account (correct)
  • Check
  • Checking account
  • Register
  • What is the purpose of a register?

  • To withdraw more money from an account than it holds
  • To pay money directly from a checking account
  • To compare two records of an account
  • To record checks and other debits from a checking account (correct)
  • What does it mean to overdraw an account?

  • To withdraw more money from an account than it holds (correct)
  • To withdraw money from an account without a check
  • To compare two records of an account
  • To receive something brought upon yourself
  • What is an overdraft fee?

    <p>A monetary fine for withdrawing more money than an account holds</p> Signup and view all the answers

    What is a voided check used for?

    <p>To communicate bank account information without payment</p> Signup and view all the answers

    More Like This

    Banking Terminology Quiz
    10 questions
    Banking Terminology Quiz
    30 questions

    Banking Terminology Quiz

    LivelyMahoganyObsidian avatar
    LivelyMahoganyObsidian
    Banking Terminology Quiz
    6 questions

    Banking Terminology Quiz

    CheapestMendelevium avatar
    CheapestMendelevium
    Banking Terminology Quiz
    10 questions
    Use Quizgecko on...
    Browser
    Browser