1)a personal identification number (pin) is used to protect:
a. checks
b. deposit slips
c. debit cards
d. check registers
2)an alternative to paper bank statements is:
a. a check register
b. a debit card
c. computer software
d. an overdraft notice
3)an alternative to paper bank statements is:
a. a check register
b. a debit card
c. computer software
d. an overdraft notice
4)a checking account is sometimes also called a:
a. savings account
b. demand deposit account
c. money market account
d. investment account
5)

why was it sometimes difficult to balance a checking account to a statement?
a. the bank statement only came out twice a year.
b. checks written after the statement closing date wouldn't appear on the statement.
c. the check clearing process was instantaneous.
d. hand entries in a register were more accurate than electronic ones.
6)the most practical way to avoid mismanagement of a checking account is
a. to not have one in the first place.
b. have someone double-check your addition in the register.
c. use only debit cards rather than checks.
d. create a budget and stick to it.
7)all of the following are true statements about electronic account management except:
a. account holders can use smart phones or computers to see account information.
b. it's far more difficult to manage an account electronically.
c. some online applications allow account holders to categorize expenses paid by check.
d. check register software is available online.
8)

regular payments can include all of the following except:
a. rent
b. utility bills
c. entertainment
d. credit card payments
9)if you don't know how much you will spend in a particular category such as clothing, you should
a. just leave that category out of your budget.
b. lower another category and add it to the unknown one.
c. find out how much money you have at the end of the month and use it for that category.
d. realistically estimate the category and adjust it later if necessary.
10)a list of all deposits, withdrawals, and fees associated with a checking account is called a:
a. check
b. checkbook
c. check register
d. deposit slip