AnswersPersonal Finance - EL3403Understanding Checking and Debit Accounts

Understanding Checking and Debit Accounts Answers

10 verified answers3 views
1
Free Preview

Which transactions can increase the balance in a checking account? Check all that apply.

A
direct deposit of a paycheck
B
debit of $10
C
ATM withdrawal of $40
D
EFT from a different bank into the account
E
monthly bank fee of $5
3

Question text not available

Answers:
represents where the amount of $158.29 should be written.:A
represents where the amount of $250 should be written.:D
4

For Mathew Carter, the check would be a ✔ depositdebitwithdrawaltransfer.

Answers:
.:deposit
the balance in his checking account.:added to
6

The letter ✔ ABCDEF represents where the amount of $158.29 should be written.

Answers:
represents where the amount of $158.29 should be written.:A
represents where the amount of $250 should be written.:D
9

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.

Did you find these answers helpful?

Understanding Checking and Debit Accounts…