Checking Account Reading Quiz

1.

1 point

In the check register, debits (-) include ____________, while credits (+) include ________________.

deposits you make and interest you earn ; checks you write and fees

checking account items ; savings account items

checks you write and fees ; deposits you make and interest you earn

things you want ; things you need

2.

1 point

Who is the mascot for Frosted Flakes?

Tony the Tiger

Buzz Bee

Captain Crunch

Cuckoo for Cocoa Puffs Bird

3.

1 point

According to the reading, one of the safest and easiest ways to manage your money is through _____________.

a mutual fund

a bond

a checking account

a stock

4.

1 point

If I have a balance of $145.33 in my checking account and I write a check for $23.33, what is my new balance in my checking account?

$122.00

$112.00

$132.00

$120.00

5.

1 point

What do you need to do with the bank statement and the check register at the end of each month?

Reuse

Reduce

Reconciliation

Recycle

6.

1 point

What should you do if you make a mistake in writing your check?

Erase it with white out and put in the correct information

You must take the check to the bank where they can dispose of the check in their check disposal box.

Cross it out and write the correct amount/name

Write VOID in large letters over the entire check

7.

1 point

Which of the following is important to remember when writing a check?

Write in pen

Use cursive when signing your name

Write clearly and neatly

All are important things to remember when writing a check

8.

1 point

True or False: Next time Mr. Hogie assigns a reading or an assignment, I will have it done when it is due. (Hint: The easy 1 point answer is the answer you should all pick).

True

False

9.

1 point

True or False: Withdrawing money from your checking account will make your account balance decrease.

True

False

10.

1 point

If you make a deposit into your checking account at the bank, the amount of money in your account will ____________.

Decrease

Stay the same

Make a chicken dance

Increase

11.

1 point

A check that has been written but has not "cleared" is called _____________.

Awesome

Spectacular

Tremendous

Outstanding

12.

1 point

What do you fill out when you want to put money into your account at the bank?

Deposit ticket/slip

Deposit sheet

Deposit notice

Deposit form