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NGPF Classic Checking Accounts - FinLit - Quiz
Contributed by: Polokova
(Original author: Viti)
  • 1. Which of the following is NOT an example of a financial institution?
A) Savings and Loan
B) Credit Union
C) Library
D) Bank
  • 2. True or False: You can continue to write checks as long as you have checks in your check book.
A) True
B) False
  • 3. What is the check # on this check?
A) October 28, 2004
B) $147.50
C) there is no check number
D) 4321
  • 4. Who is this receiving this check for payment?
A) ABC Company
B) school supplies
C) $147.50
D) Pat Payee
  • 5. Who will endorse this check on the back?
A) the bank teller
B) the CFO
C) John Doe
D) Calvin Luther Martin
  • 6. What is the machine called that is used to withdraw money and is found in shopping centers, convenience stores, and other places outside of financial institutions?
A) Online Banking
B) Drive Thru Banking
C) Check Register
D) ATM (Automated Teller Machine)
  • 7. What is a check that is written for more than the amount of money in a checking account?
A) Bounced Check
B) Interest
C) Deposit
D) Paycheck
  • 8. Who endorses a check?
A) The bank of the person who received it
B) The person the check was written to
C) The bank of the person who wrote it
D) The person who wrote it
  • 9. If there are two recipients of the check, who endorses it?
A) If "&," either one
B) If "&," both
C) no endorsement is needed
D) If "or," both
  • 10. Who is the "payee"?
A) The person the check was written to
B) The person the check was written to
C) The employee processing the check
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