
Banking Test Review
Authored by Mary Jean Sullivan
Other
9th - 12th Grade
Used 8+ times

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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The FDIC insures bank deposits up to $_____ per person, per bank, per ownership category.
$100,000
$250,000
$500,000
Unlimited
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ is the federal agency that insures customers' deposits at credit unions.
FDIC
NCUA
FICO
FICA
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The FDIC insures deposits at both banks and credit unions.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your checking account balance dips below zero. Your bank charges you a $35 fee AND is charging you interest for lending you money to cover the shortfall. Why?
You have overdraft protection
You DON'T have overdraft protection
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT REQUIRED to be pre-printed on a check?
Your name & address
Routing Number
Account Number
Bank or Credit Union's Name
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emily wrote a check for $100, but her checking account only has $25. The bank paid the check because she has...
relatives who have accounts at the same bank
had an account at that bank for over 10 years
a high credit score
overdraft protection
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of electronic funds transfer (EFT) is...
transaction made with a check
direct deposit
deposit made with a bank teller
cash received from a check-cashing store
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