Understanding Checking and Debit Accounts

Question 1

Which transactions can increase the balance in a checking account? Check all that apply.

Revolt · Accepted Answer

direct deposit of a paycheck; EFT from a different bank into the account

Question 2

For Mathew Carter, the check would be a .

Revolt · Accepted Answer

deposit; Selection 1: deposit; Selection 2: added to

Question 3

Heidi opened her first checking account. She deposited $500 into the account. List four ways Heidi can withdraw money from her checking account.

Revolt · Accepted Answer

Answer

Question 4

Check all that you included in your response.

Revolt · Accepted Answer

Heidi can write a check.

Question 5

Explain why it is important for Bob to keep the receipt and record the information in his check register.

Revolt · Accepted Answer

Answ

Question 6

Check all that you included in your response.

Revolt · Accepted Answer

Bob knows the amount of money in his account.

Question 7

Look at Ivan’s check register. Ivan spent $158.29 on groceries. He then transferred $250 to his savings account. A check register. A is the amount debited for groceries. D is the amount debited for a transfer.

Revolt · Accepted Answer

A; represents where the amount of $158.29 should be written.: A; represents where the amount of $250 should be written.: D

Question 8

Which shows the correct amount in Carl’s checking account?

Revolt · Accepted Answer

$109.75

Question 9

Which checking account would be best for Kiera? Account

Revolt · Accepted Answer

B

Question 10

Which is true about Janet’s account?

Revolt · Accepted Answer

The account balance is $70.40.

Understanding Checking and Debit Accounts Answers

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