Banking

Front

What does overdraft protection do?

Back

Allows you to withdraw more money than you have in your account

Front

Emma is a college student looking to open a new checking account. What feature is the LEAST important for her to consider? Low or no monthly fees, Convenient ATM access, Online and mobile banking

Back

High interest rates

Front

Which of the following is FALSE about check registers?
- They help you keep track of your account balance
- They are used to record deposits and withdrawals
- They are no longer necessary with online banking
- They can help you detect errors or fraud

Back

They are no longer necessary with online banking

Front

Anika recently overdrew her checking account. What is a typical overdraft fee she might incur?

Back

$35-37

Front

Oliver wants to ensure his checking account is secure while using online and mobile banking. What steps can he take to protect his account? Options: Use strong and unique passwords, Avoid using public Wi-Fi networks, Regularly monitor your account activity, All of the above

Back

All of the above

Front

Why is understanding a bank's fees particularly important for Grace, a college student?

Back

She is more likely to have a low income.

Front

What are some reasons many Americans live paycheck-to-paycheck? Low wages, High cost of living, Lack of financial education

Back

All of the above

Front

Aiden is trying to decide between opening a saving account and a checking account. He learns that saving accounts differ from checking accounts in that...

Back

Saving accounts have higher interest rates

Front

Henry was at the grocery store and realized he didn't have enough money in his checking account to cover his purchase. Thanks to overdraft protection...

Back

Henry was able to withdraw more money than he had in his account

Front

Grace is exploring different financial products to manage her money. Which of the following is NOT a typical feature of a savings account? High interest rates, FDIC insurance, Low risk

Back

Unlimited transactions