Future Business Leaders of America (FBLA) Business Calculations Practice Test

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Dive into the FBLA Business Calculations Test. Sharpen your analytical skills with multiple-choice questions and gain insights with detailed explanations. Excel in your exams!

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What should you do after completing an ATM transaction?

  1. Record the PIN on the receipt

  2. Record the transaction in your register

  3. Not consider the fee

  4. Tear up the receipt

The correct answer is: Record the transaction in your register

Recording the transaction in your register after completing an ATM transaction is essential for maintaining accurate financial records. This practice helps you stay aware of your account balance, track your spending, and identify any discrepancies in your bank account. By noting the transaction, you ensure that your records align with your bank statement, making it easier to manage your finances. This option emphasizes the importance of maintaining a clear and organized understanding of your financial activities. Regularly updating your register allows you to observe spending patterns, avoid overdrafts, and plan for future expenses effectively. Keeping detailed records also safeguards against fraudulent activities that may occur if you don't monitor your account regularly. While other options may involve actions related to the transaction, none offer the same level of ongoing financial awareness that recording the transaction in your register provides.