1) What is the primary function of an ATM? a) To issue credit cards b) To manage bank account funds c) To provide loans d) To open new bank accounts 2) What does a bank statement typically include? a) Only withdrawals made b) Only deposits made c) All transactions related to the account d) Only checks written 3) What is a canceled check? a) A check that is still valid b) A check that has been paid or cleared c) A check that has been lost d) A check that has been voided 4) What is the purpose of a check register? a) To apply for loans b) To track checks and transactions c) To store cash d) To manage credit card payments 5) What does a debit card allow you to do? a) Withdraw cash only b) Make purchases and conduct ATM transactions c) Transfer money between accounts d) Open new accounts 6) What is a deposit slip used for? a) To credit money to your account b) To cancel a check c) To withdraw money d) To apply for a loan 7) What does FDIC Insurance protect? a) Investment accounts b) Only savings accounts c) Loans d) Deposits against loss up to $250,000 8) What is a low balance alert? a) A notification for high balances b) A monthly statement c) A notification for low balances d) A type of bank fee 9) What is the minimum balance requirement? a) A certain amount that must be kept in an account b) The maximum amount you can deposit c) The amount needed to avoid fees d) The total of all transactions 10) What is a mobile deposit? a) Depositing cash at an ATM b) Depositing checks using a mobile device c) Transferring money between accounts d) Withdrawing money using a mobile app 11) What is an outstanding check? a) A check that has been cashed b) A check that has been voided c) A check that has not yet been cashed or deposited d) A check that is lost 12) What is an overdraft fee? a) A fee for maintaining a minimum balance b) A fee charged when funds are insufficient for a withdrawal c) A fee for using an ATM d) A fee for closing an account 13) What does it mean to endorse a check? a) To sign the back of a check b) To cancel a check c) To write a new check d) To deposit cash 14) What is the purpose of reconciling your bank statement? a) To compare bank records with personal records b) To close your account c) To apply for a loan d) To dispute a transaction 15) What is a voided check? a) A check that has been cashed b) A check that cannot be used c) A check that is still valid d) A check that has been deposited 16) What does a maintenance refer to? a) A monthly fee for account access b) A fee for overdrafts c) A fee for wire transfers d) A fee for checkbooks 17) What is a direct deposit? a) A way to transfer money between accounts b) A method to withdraw cash c) A type of bank statement d) An automatic electronic deposit of net pay 18) What is the role of payee? a) The person to whom the check is made payable b) The person who writes the check c) The bank that processes the check d) The person who deposits the check 19) What does it mean to have a low balance in your account? a) Having less than minimum balance b) Having a high amount of money c) Having exactly the minimum balance d) Having a balance above the average

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