Chapter 4:
Checking Accounts
1.
Shannon Kelley makes a deposit in her checking account. She has checks for $178.16 and $36.00. Shannon gets back $20.00 in cash. What is her total deposit?
a.
$194.16
b.
$198.16
c.
$214.16
d.
$234.16
2.
Which of the following is the correct way to write the amount $73.78 on a check?
a.
seventy-three and seventy-eight
b.
seventy-three dollars and 78/100 cents
c.
seventy-three and 78/100 dollars
d.
seventy-three dollars and 78/100
3.
The previous balance in your check register is $234.67. You make a deposit of $150.00. You write a check for $63.23. What is your new balance?
a.
$21.44
b.
$147.90
c.
$321.44
d.
$447.90
4.
Your bank statement shows a previous balance of $354.12. You make deposits of $123.98 and $312.76. You write checks for $46.17 and $154.32. You have a $4.00 service charge and earn $0.18 interest. What is your present balance?
a.
$586.55
b.
$590.37
c.
$790.86
d.
$987.53
5.
Your statement balance is $433.97. You have an outstanding check for $46.78 and an outstanding deposit for $235.00. What is your adjusted balance?
a.
$245.75
b.
$387.19
c.
$622.19
d.
$668.97
6.
Drey Lawson uses online banking to pay his bills. The bank charges $6.95 a month to use this service, $0.50 for each bill paid, $4.00 for a printed statement, and a cash advance fee of 2 percent of the cash advance amount. Drey paid 4 bills, requested a printed statement, and received a $300.00 cash advance. What were his total fees for the month?
a.
$11.45
b.
$12.95
c.
$17.45
d.
$18.95
7.
Frank Shoemaker makes a deposit in his checking account. He has checks for $56.23, 158.97, and $218.64. Frank gets back $25.00 in cash. What is his total deposit?
a.
$383.84
b.
$408.84
c.
$433.84
d.
$458.94
8.
The previous balance in your check register is $508.62. You make a deposit of $259.84. You write a check for $148.00. What is your new balance?
a.
$100.78
b.
$396.78
c.
$620.46
d.
$916.46
9.
Your bank statement shows a previous balance of $218.54. You make deposits of $311.25 and $250.00. You write checks for $95.00 and $267.48. What is your present balance?
a.
$19.77
b.
$198.77
c.
$417.31
d.
$1,142.27
10.
Your statement balance is $200.36. You have an outstanding check for $112.56 and an outstanding deposit for $68.34. What is your adjusted balance?
a.
$19.46
b.
$156.14
c.
$244.58
d.
$381.26
Ch. 1-5
Ch. 6-10
Ch. 11-15
Ch. 16-20
Ch. 21-23
Ch. 1
Ch. 2
Ch. 3
Ch. 4
Ch. 5
Ch. 6
Ch. 7
Ch. 8
Ch. 9
Ch. 10
Ch. 11
Ch. 12
Ch. 13
Ch. 14
Ch. 15
Ch. 16
Ch. 17
Ch. 18
Ch. 19
Ch. 20
Ch. 21
Ch. 22
Ch. 23
