YChecking Quiz


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Name
Address 1
Address 2
City, State Zip ,
Phone Number

1) To open your yChecking account at Superior, you must:

2) Which of the following is not an essential piece of information to fill out on a written check?

3) What is the correct numerical value of the following amount: One hundred twenty-eight dollars and 15/100?

4) Which of the following is not a type of check endorsement?

5) Which of the following transactions should you record in your check register?

ITEM NO.

DATE

DESCRIPTION OF TRANSACTION OR WITHDRAWAL

(-)
PAYMENT, WITHDRAWAL, OR FEE AMOUNT

(+)
AMOUNT OF DEPOSIT OR INTEREST

BALANCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Use the blank register above to answer the following four (4) questions. You may need a calculator to complete this section.

6) Dave has a beginning balance of $1,000.00. He writes a check to ABC Grocery for $200.00, then withdraws $100.00 with his ATM card, but deposits a $500.00 check into his account from his job. How many of these functions were credits?

7) Dave has a beginning balance of $275.53. He uses his debit card to purchase a new iPod for $134.06 and then 6 new songs on iTunes for $0.99 each, or $5.94 total. He deposits $25.00 in birthday money from his grandma, but then uses the ATM to withdrawal $60.00 to go on a date with his girlfriend. How many of these transactions were debits?

8) Dave has a beginning balance of $1,000.00. He writes a check to ABC Grocery for $200.00, then withdraws $100.00 with his ATM card, but deposits a $500.00 check into his account from his job. What is Dave’s new balance?

9) Dave has a beginning balance of $275.53. He uses his debit card to purchase a new iPod for $134.06 and 6 new songs on iTunes for $0.99 each, or $5.94 total. He deposits $25.00 in birthday money from his grandma, but then uses the ATM to withdrawal $60.00 to go on a date with his girlfriend. What is Dave’s new balance now?

10) “NSF” is an abbreviation for:

11) If you have an excessive number of overdrafts for your yChecking account, you risk:

12) To safeguard your checking account, you should:

13) A debit, or “check”, card acts exactly like a credit card except:

14) If you want to avoid paying a fee when using your debit card for a point-of-sale (POS) transaction, you should always select:

15) If you lose your debit card but report it missing within two business days, you are liable for:


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