Banking: How to Manage Your Money

Question 1

Decide which account is best for each person. | Becky wants an account that will let her spend her money as much and as often as she needs. | Sanjay wants an account that will earn interest but still let him make withdrawals. | Neveah has some money she wants to save until she goes to college in two years. She wants an account that will earn a little more interest.

Revolt · Accepted Answer

checking

Question 2

Decide which account is best for each person. | Becky wants an account that will let her spend her money as much and as often as she needs. | Sanjay wants an account that will earn interest but still let him make withdrawals. | Neveah has some money she wants to save until she goes to college in two years. She wants an account that will earn a little more interest.

Revolt · Accepted Answer

savings

Question 3

Decide which account is best for each person. | Becky wants an account that will let her spend her money as much and as often as she needs. | Sanjay wants an account that will earn interest but still let him make withdrawals. | Neveah has some money she wants to save until she goes to college in two years. She wants an account that will earn a little more interest.

Revolt · Accepted Answer

CD

Question 4

Imagine that you are at a bank, ready to open your first bank account.Which actions should you have already taken? Check all that apply.decided what kind of account I wantbrought along my Social Security cardcompared the services that different banks offer, and learned what they charge for them

Revolt · Accepted Answer

decided what kind of account I want; brought along my Social Security card; compared the services that different banks offer, and learned what they charge for them

Question 5

You noticed a mistake: Your own records do not match the bank statement you just received.Which option describes the steps you should take to solve this situation? Check all that apply.check my records first to see if the mistake is minecall the bank first to demand a change to my statementcall the bank after making sure my records are correctcall a retailer before contacting the bank or reviewing my records

Revolt · Accepted Answer

check my records first to see if the mistake is mine; call the bank after making sure my records are correct

Question 6

Imagine that you are at a bank, ready to open your first bank account.Which actions should you have already taken? Check all that apply.decided what kind of account I wantbrought along my Social Security cardcompared the services that different banks offer, and learned what they charge for them

Revolt · Accepted Answer

decided what kind of account I want; brought along my Social Security card; compared the services that different banks offer, and learned what they charge for them

Question 7

Decide which account is best for each person.

Revolt · Accepted Answer

checking; savings; CD

Question 8

Decide which account is best for each person.

Revolt · Accepted Answer

✔ checking; checking; savings; CD

Question 9

CD✔ savingscheckingX savings bond

Revolt · Accepted Answer

✔ savings

Question 10

✔ CDX savingscheckingmoney market

Revolt · Accepted Answer

✔ CD

Banking: How to Manage Your Money Answers

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