BPA Personal Financial Management Practice Test 2025 - Free Personal Finance Practice Questions and Study Guide

Question: 1 / 400

Which of the following would NOT typically be recorded in a checkbook?

Deposits made to the account

Fees charged by the bank

Credit card transactions

The correct answer highlights that credit card transactions are not typically recorded in a checkbook. A checkbook is primarily used for tracking a specific checking account, documenting deposits, withdrawals, and any fees associated directly with that account. When you write a check or withdraw money, you're directly affecting the balance of that checking account, which is why these transactions are recorded.

Credit card transactions, on the other hand, involve a separate financial account. These transactions don’t impact the checking account balance until the credit card bill is paid, as they represent borrowed funds rather than direct access to your cash. A checkbook serves as a ledger for immediate access to the funds within the checking account, not for tracking debts or purchases made on credit cards, which would typically be managed in a personal finance system or another budget tracking tool.

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Withdrawals made from the account

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