Money Make Sense - Banking Quiz

What are the two main types of Bank account?
1. Savings and Current
2. Savings and Deposit
3. Current and Credit
4. Savings and Premier
What type of account would you have your wages paid into?
1. Savings
2. Current
3. Deposit
4. Credit
How long does it take for a cheque to clear?
1. 3 to 5 working days
2. Two weeks
3. It depends how much you have in your account
4. 1 month
What is a bounced cheque?
1. One made from rubber
2. A cheque rejected by the bank when the payer has insufficient funds
3. A cheque rejected by the bank when it is over 6 months old
4. A cheque that isnt signed
How much can you spend with a debit card?
1. £50
2. £200 a day
3. It depends on your credit limit
4. As much as you have left in your account
What is an overdraft?
1. A moving current of air
2. An agreed amount you can borrow when your balance runs out
3. A type of bank account
4. A cheque returned unpaid
What would you expect to find on a bank statement?
1. Amounts paid into your account
2. Standing orders and Direct Debits
3. Amounts paid from your account
4. Your savings
A standing order is....
1. The same as a direct debit
2. Instruction for a company to debit from your account
3. An automatic regular payment from your account
4. The maximum amount you can borrow
You have £100 in a savings account which pays 5.5% interest per year. How much would be in the account in 5 years time?
1. £105.5
2. £125.15
3. £130.69
4. £550
Savings accounts offer you....
1. Higher interest but less features than a current account.
2. Cheque books but no debit cards
3. Exactly the same as current accounts
4. Lower interest than current accounts