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  • 1. What are the two main types of Bank account?
  • Savings and Current
  • Savings and Deposit
  • Current and Credit
  • Savings and Premier
  • 2. What type of account would you have your wages paid into?
  • Savings
  • Current
  • Deposit
  • Credit
  • 3. How long does it take for a cheque to clear?
  • 3-5 working days
  • Two weeks
  • It depends how much you have in your account
  • 1 month
  • 4 What is a bounced cheque?
  • One made from rubber
  • A cheque rejected by the bank when the payers has insufficient funds
  • A cheque rejected by the bank when it is over 6 months old
  • A cheque that isn't signed
  • 5. How much can you spend with a debit card?
  • £50
  • £200 a day
  • It depends on your credit limit
  • As much as you have left in your account
  • 6. What is an overdraft?
  • A moving of current air
  • An agreed amount you can borrow when your balance runs out
  • A type of bank account
  • A cheque returned unpaid
  • 7. What would you expect to find on a bank statement? (More than one answer)
  • Amounts paid into your account
  • Standing orders and direct debits
  • Amounts paid from your account
  • Your savings
  • 8. A standing order is...
  • The same as a direct debit
  • Instruction for a company to debit from your account
  • An automatic regular payment from your account
  • The maximum amount you can borrow
  • 9. 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 if you do not withdraw any money?
  • £105.5
  • £125.15
  • £130.69
  • £550
  • 10. Savings accounts offer you...
  • Higher interest but less features than a current account
  • Cheque books but no debit cards
  • Exactly the same as current accounts
  • Lower interest than current accounts
 

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