AnswersOC27 Economics-2102310-Sem-MeadowsBanking: How to Manage Your Money

Banking: How to Manage Your Money Answers

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1
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Which statements about deposits are true? Check all that apply.

A
Deposits increase the checking account balance.
B
A deposit is money that is subtracted from a bank account.
C
Deposited money can be transferred electronically from one bank to another.
D
You cannot make a deposit at an ATM.
E
You can deposit a greater amount than the balance in the account.
2
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The letter represents where the amount of $36 should be written.

A
A
B
B
C
C
D
D
E
E
3

The ending balance, E, is $ .

A
194.85
B
154.85
C
122.85
D
82.85
4

The letter represents where the amount of $20 should be written.

A
A
B
B
C
C
D
D
E
E

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Banking: How to Manage Your Money Answers — OC27…