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Open Question: Does it make any difference in home insurance rate if its a CONDO or TOWNHOME ?
Will there be any difference in your home insurance premium if the property is CONDO vs TOWNHOME ?

Will either one will cheap compared to other ?

  read more…

Open Question: PLEASE HELP! Checking accounts?
1. A deposit would appear as a debit on your bank statement.
a. false
b. true

2. What is the balance after the transfer on January 17?
a. $242.50
b. $15.00
c. $33.00
d. $40.00

3. What is another term for a bounced check?
a. net income
b. check account
c. non-sufficient funds (NSF)
d. endorsements
e. withdrawal

4. The balance in your checkbook:
a. is only correct if your record all transactions made by you and your bank
b. never needs to be reconciled
c. is always mathematically correct
d. is not important

5. To reconcile a checking account, you have to make sure your check register and the bank’s statement agree on how much is in the account.
a. false
b. true

6. When you use your debit card to get cash you have:
a. deposited money in your checking account
b. withdrawn money from your checking account
c. added to your checking balance
d. reconciled your checking account

7. All banks offer the following service:
a. on-line checking
b. person to person tellers
c. phone checking
d. deposits and withdrawals

8. To write a person’s own signature on the back of a check before cashing, depositing or giving it to some one else is called an ____________.
a. owner’s signature
b. endorsement
c. ancillary signature

9. One advantage to using your debit card is:
a. You don’t have to subtract it from your checking account balance
b. It is safer than carrying cash
c. You can spend as much as you want
d. You can give your friend the PIN number in case you forget it.

10. Insurance that guarantees that if your institution fails, you will not lose up to $100,000 of your money in that institution is called:
a. FDIC
b. banking insurance
c. State Farm
d. home owner’s insurance
e. FDA

11. This service is NOT important when comparing banks:
a. debit card design
b. hours of operation
c. convenience of location
d. monthly fees and minimum balance required

12. At the end of every year, before you can file your taxes, your employer must send you this form.
a. W-2 form
b. FICA
c. Gross income
d. Net income
e. W-4 form

13. What type of deposit is illustrated below?
Pay to the order of
K.C. Thurman
Jilly Flower
134 263 894
a. restrictive endorsement
b. blank endorsement
c. special endorsement

14. What is the amount of the check written for Brent’s Hair Designs on January 16?
a. $40.00
b. $208.53
c. $-33.00
d. $62.40

15. When using a debit card:
a. There are always fees
b. Identification is always required.
c. You still need to carry a checkbook to record transactions
d. You are not personally liable for more than $50 if it is stolen

16. The Truth in Savings Act requires banks to:
a. disclose the annual percentage yield on your account
b. raise their interest rates monthly
c. charge monthly

17. A/An ____________is the type of check that has a bank’s guarantee payment.
a. cashier’s check
b. money order
c. endorsement check
d. banking check

18. The outstanding checks total_________________.
a. $158.53
b. $246.53
c. $48.00
d. $914.47

19. A good check writing practice is to write the check before filling in the check register and calculating your new checkbook balance.
a. false
b. true

20. A check, which has cleared the bank, can still bounce.
a. false
b. true

21. Add line 2 and line 3 on your reconciliation form. What is the sum for line 4?
a. $158.53
b. $206.53
c. $88.00
d. $914.47

22. A check register allows you to:
a. keep track of the interest paid on your account
b. automatically record your debit card purchases
c. record the date and amount of each transaction you make every time you make one
d. automatically record your deposits

23. An advantage of using a debit card is:
a. You can build up your credit
b. You don’t have to record a transaction fee each time you use it to know your balance
c. If you buy defective goods you can get your money back because you used your debit card
d. You have a personal PIN number for added safety if the card is stolen

24. When using debit cards always remember:
a. Money is available immediately after depositing it
b. If the card is lost or stolen and not insured by the FDIC your funds are not protected
c. There are never any annual or personal fees for using the card
d. Debit cards can be a way to learn to manage money if used responsibly.

25. If you write “Pay to the order of Jane Doe” and sign your name on the back of your check, it is considered:
a. a restrictive endorsement
b. a blank endorsement
c. a special endorsement
d. not an endorsement

  read more…

Open Question: HELP With Checking account questions?
Question 1 (Multiple Choice Worth 4 points)

A deposit would appear as a debit on your bank statement.

false

true

——————————————————————————–

Question 2 (Multiple Choice Worth 4 points)

What is the balance after the transfer on January 17?

$242.50

$15.00

$33.00

$40.00

——————————————————————————–

Question 3 (Multiple Choice Worth 4 points)

What is another term for a bounced check?

net income

check account

non-sufficient funds (NSF)

endorsements

withdrawal

——————————————————————————–

Question 4 (Multiple Choice Worth 4 points)

The balance in your checkbook:

is only correct if your record all transactions made by you and your bank

never needs to be reconciled

is always mathematically correct

is not important

——————————————————————————–

Question 5 (Multiple Choice Worth 4 points)

To reconcile a checking account, you have to make sure your check register and the bank’s statement agree on how much is in the account.

false

true

——————————————————————————–

Question 6 (Multiple Choice Worth 4 points)

When you use your debit card to get cash you have:

deposited money in your checking account

withdrawn money from your checking account

added to your checking balance

reconciled your checking account

——————————————————————————–

Question 7 (Multiple Choice Worth 4 points)

All banks offer the following service:

on-line checking

person to person tellers

phone checking

deposits and withdrawals

——————————————————————————–

Question 8 (Multiple Choice Worth 4 points)

To write a person’s own signature on the back of a check before cashing, depositing or giving it to some one else is called an ____________.

owner’s signature

endorsement

ancillary signature

——————————————————————————–

Question 9 (Multiple Choice Worth 4 points)

One advantage to using your debit card is:

You don’t have to subtract it from your checking account balance

It is safer than carrying cash

You can spend as much as you want

You can give your friend the PIN number in case you forget it.

——————————————————————————–

Question 10 (Multiple Choice Worth 4 points)

Insurance that guarantees that if your institution fails, you will not lose up to $100,000 of your money in that institution is called:

FDIC

banking insurance

State Farm

home owner’s insurance

FDA

——————————————————————————–

Question 11 (Multiple Choice Worth 4 points)

This service is NOT important when comparing banks:

debit card design

hours of operation

convenience of location

monthly fees and minimum balance required

——————————————————————————–

Question 12 (Multiple Choice Worth 4 points)

At the end of every year, before you can file your taxes, your employer must send you this form.

W-2 form

FICA

Gross income

Net income

W-4 form

——————————————————————————–

Question 13 (Multiple Choice Worth 4 points)

What type of deposit is illustrated below?

Pay to the order of

K.C. Thurman

Jilly Flower

134 263 894

restrictive endorsement

blank endorsement

special endorsement

——————————————————————————–

Question 14 (Multiple Choice Worth 4 points)

What is the amount of the check written for Brent’s Hair Designs on January 16?

$40.00

$208.53

$-33.00

$62.40

——————————————————————————–

Question 15 (Multiple Choice Worth 4 points)

When using a debit card:

There are always fees

Identification is always required.

You still need to carry a checkbook to record transactions

You are not personally liable for more than $50 if it is stolen

——————————————————————————–

Question 16 (Multiple Choice Worth 4 points)

The Truth in Savings Act requires banks to:

disclose the annual percentage yield on your account

raise their interest rates monthly

charge monthly
Some question can not be answered, so just put skip as the answer. thanks :)
I do pick best answers.
24. When using debit cards always remember:
Money is available immediately after depositing it
If the card is lost or stolen and not insured by the FDIC your funds are not protected
There are never any annual or personal fees for using the card
Debit cards can be a way to learn to manage money if used responsibly.
25. If you write “Pay to the order of Jane Doe” and sign your name on the back of your check, it is considered:
a restrictive endorsement
a blank endorsement
a special endorsement
not an endorsement
17. A/An ____________is the type of check that has a bank’s guarantee payment.
cashier’s check
money order
endorsement check
banking check
18. The outstanding checks total_________________.
$158.53
$246.53
$48.00
$914.47
19. A good check writing practice is to write the check before filling in the check register and calculating your new checkbook balance.
false
true
20. A check, which has cleared the bank, can still bounce.
false
true
21. Add line 2 and line 3 on your reconciliation form. What is the sum for line 4?
$158.53
$206.53
$88.00
$914.47
22. A check register allows you to:
keep track of the interest paid on your account
automatically record your debit card purchases
record the date and amount of each transaction you make every time you make one
automatically record your deposits
23. An advantage of using a debit card is:
You can build up your credit
You don’t have to record a transaction fee each time you use it to know your balance
If you buy defective goods you can get your money back because you used your debit card
You have a personal PIN number for added safety if the card is stolen

  read more…

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