AnswersPersonal Finance - EL3403Understanding Checking and Debit Accounts

Understanding Checking and Debit Accounts Answers

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1
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For Mathew Carter, the check would be a .

Answers:
Selection 1:deposit
Selection 2:added to
3

Check all that you included in your response.

A
Heidi can write a check.
B
She can withdraw money from an ATM.
C
She can fill out a withdrawal slip.
D
She can transfer money to another account.
E
She can pay a bill online.
4

Look at this check register. Calculate the current balance. A check register has a balance of 82 dollars and 92 cents. 78 dollars and 24 cents is debited for a phone bill. 125 dollars is deposited for a pay check. 40 dollars is debited from the A T M. 56 dollars and 50 cents is debited for tennis lessons.

Answer not available
8

Which is true about Janet’s account?

A
The account balance is $70.40.
B
The account balance is $150.40.
C
The account balance is $330.40.
D
The account is overdrawn by $87.24.
9

Check all that you included in your response.

A
minimum balance
B
interest earned
C
ATM usage/fees
D
overdraw protection/fees
E
monthly service fees
F
annual fee
10

Check all that you included in your response.

A
Bob knows the amount of money in his account.
B
He avoids overdrawing the account.
C
He keeps track of where his money goes (budget).
D
He can spot any bank errors.

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