Name ___________________________
Class Hour________ Date ___________
Financial Literary
Standard 4 Study Guide
1. A check is defined as a written document ordering a financial institution to transfer
____________ from your ______________ to someone else.
2. When you receive your monthly bank statement, it is recommended that you use it to
__________________ your checking account.
3. Writing a check for insufficient funds (commonly called a “Hot Check”) can result in
expensive __________, ________________, and even _________________ time, if
convicted.
4. The first set of numbers at the bottom of your check is called___________________
___________________ ____________________.
5. In which format would you write the amount of the check in the small space that starts
with the dollar sign of you bought something for one hundred dollars? $___________.
6. A debit card is the same as a ______________, only in plastic form.
7. Deposits represent money that is ______________ to your checking account.
8. Circle true or false: A check is a legal document and therefore, must be filled in
correctly; otherwise, banks or other businesses may refuse to accept it s payment.
9. The primary purpose of a check or debit card is to make it easier for people to buy
__________ and ___________, pay bills, and make other financial transactions.
10. When using a debit card, it is important to remember to ____________ down all
transactions and __________ them from your account balance.
11. Compute your new balance in your checking account after making the following
transactions.
1.
2.
3.
4.
5.
Your beginning balance is $157.28
You get $20 in cash at the ATM
You deposit a check for $35 from your mom into the account.
You write a check for $69.74 to pay for a new book bag and school supplies.
Your new balance is: _____________
12. Reconciling a bank statement is used to determine if there are any
________________________ in your records.
Name ___________________________
Class Hour________ Date ___________
13. Use the information below to fill out the check.
 Your name is “Jane Smith.”
 You are writing a check to pay for a new software package at Scentsy, Inc.
 The amount of the purchase is $65.43
 Use today’s date on your check.
1001
123 Main Street
Anywhere, OK 73125
Date____________
Pay to the
Order of______________________________________________$
_____________________________________________________________Dollars
Your bank
456 Money St
Anywhere, Ok 73125
MEMO_____________________
__________________________
:123456789: 7851005100”1001
14. Use the following information to complete your deposit slip.
a. $31.32 in change.
b. A Check from your grandmother for $40.
c. You do not want to keep any cash.
Your Name
Your Address
Your Phone Number
Currency
Date__________________
Checks
Deposits may not be available for immediate withdrawal
______________________________
Sign here if cash received from deposit
Coin
Subtotal
_____________
_____________
__________________
_____________
Less Cash Received
_____________
Net Deposit
_____________
Your financial institution information