Question 1

All checking accounts earn interest.

Accepted Answer

A) True 
 B)False

Question 2

Mia Wong's checking account had a balance of $3,100.55 on July 1. After looking at her bank statement, she noticed an NSF for $60.50, a service charge of $12.55, and a note collected for $600. There was one deposit in transit for $400 and no checks outstanding. What is the reconciled checkbook balance?

Accepted Answer

A) $3,527 
B) $5,327.50 
C) $3,627.50 
D) $3,267.50 
E) None of these 
A) $3,527 
B) $5,327.50 
C) $3,627.50 
D) $3,267.50 
E) None of these

Question 3

Checks written that do not appear on your bank statement are:

Accepted Answer

A) Paid from the previous month 
B) Not written correctly 
C) Appear as a deposit 
D) Credited to savings 
E) None of these 
A) Paid from the previous month 
B) Not written correctly 
C) Appear as a deposit 
D) Credited to savings 
E) None of these

Question 4

Sandi's checking account had a balance of $4627.36; her bank statement's balance was $10,275.46. A service fee of $37.00 also appeared on her statement. What was the total of all outstanding checks?

Accepted Answer

A) $10,238.48 
B) $5,685.10 
C) $5,611.11 
D) $6,115.10 
E) None of these 
A) $10,238.48 
B) $5,685.10 
C) $5,611.11 
D) $6,115.10 
E) None of these

Question 5

Electronic funds transfer:

Accepted Answer

A) Uses paper checks 
B) Uses some paper checks 
C) Does not use paper checks 
D) Is a manual transfer system 
E) None of these 
A) Uses paper checks 
B) Uses some paper checks 
C) Does not use paper checks 
D) Is a manual transfer system 
E) None of these

Question 6

Calculate the balance carried forward:

Accepted Answer

The answer of Calculate the balance carried forward:
 ...

Question 7

Electronic funds transfer does not use paper checks.

Accepted Answer

A) True 
 B)False

All checking accounts earn interest.

Checks written that do not appear on your bank statement are:

Sandi's checking account had a balance of $4627.36; her bank statement's balance was $10,275.46. A service fee of $37.00 also appeared on her statement. What was the total of all outstanding checks?

Electronic funds transfer:

Calculate the balance carried forward:

Electronic funds transfer does not use paper checks.

Whole Number: How to Dissect and Solve Word Problems

Fractions

Decimals

Solving for the Unknown: a How to Approach to Solving Equations

Percents and Their Applications

Discounts: Trade and Cash

Markups and Markdowns: Perishables and Breakeven Analysis

Payroll

Simple Interest

Promissory Notes, Simple Discount Notes and the Discount Process

Compound Interest and Present Value

Annuities and Sinking Funds

Installment Buying

The Cost of Home Ownership

How to Read, Analyze, and Interpret Financial Reports

Appreciation

Inventory and Overhead

Sales Excise and Property Taxes

Life, Fire and Auto Insurance

Stocks, Bonds and Mutual Funds

Business Statistics

Filters

Exam 4: Banking

All checking accounts earn interest.

Checks written that do not appear on your bank statement are:

Sandi's checking account had a balance of $4627.36; her bank statement's balance was $10,275.46. A service fee of $37.00 also appeared on her statement. What was the total of all outstanding checks?

Electronic funds transfer:

Calculate the balance carried forward:

Electronic funds transfer does not use paper checks.

Whole Number: How to Dissect and Solve Word Problems

Fractions

Decimals

Solving for the Unknown: a How to Approach to Solving Equations

Percents and Their Applications

Discounts: Trade and Cash

Markups and Markdowns: Perishables and Breakeven Analysis

Payroll

Simple Interest

Promissory Notes, Simple Discount Notes and the Discount Process

Compound Interest and Present Value

Annuities and Sinking Funds

Installment Buying

The Cost of Home Ownership

How to Read, Analyze, and Interpret Financial Reports

Appreciation

Inventory and Overhead

Sales Excise and Property Taxes

Life, Fire and Auto Insurance

Stocks, Bonds and Mutual Funds

Business Statistics

Filters