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Quiz

Take the quiz to check your understanding of this module. Submit your answers to view your results. Your results will be shared with your referring organization.

  1. Who is ultimately responsible for ensuring that your checking account is balanced?
  2. If you write a check for more money than is in your account, you will only be charged a non-sufficient funds fee.
  3. What is considered essential to sound checking account management?
  4. Having overdraft protection is part of wise checking account management.
  5. Overdraft protection that is linked to a line of credit can be expensive because of interest charges.
  6. What check deposit method is recommended to avoid having checks lost or stolen?
  7. You would like to close your checking account, but automatic payments are being deducted monthly for your gym membership. What should you do?
  8. It is not important to notify your financial institution of an address change because it will be automatically updated by the post office.
  9. To resolve an outstanding debt that has been reported to ChexSystems you must:
  10. To best ensure your account information is secure, you should:
  11. When should you list debits and credits in your checkbook register?
  12. When is it appropriate to write a postdated check?
  13. To stay on top of your account, you should reconcile your checkbook:
  14. Under what circumstances may you be held responsible for repayment of a check that has been fraudulently cashed?
  15. Adopting this money management technique can help you from overdrawing your account:
  16. If you use a debit card:
  17. You can prevent checking account fraud by:
  18. You can be held responsible for up to $500 of fraudulent ATM charges if:
  19. You want to deposit a check into your checking account. You should:
  20. To keep track of the checks you write, make sure you always record:
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