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Banking Terminology Quiz
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Banking Terminology Quiz

Created by
@TougherBliss8619

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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

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