P.F. Chapter 8

Front

Overdrafting your checking account often indicates a sign of: Responsibility, Boredom, Laziness, Debt

Back

Laziness

Front

Many Americans are __________, meaning they don‘t have a bank account.

Back

unbanked

Front

Which bank service would typically offer the highest interest rate? Options: Checking account, Basic saving account, Money market account, Certificate of deposit

Back

Certificate of deposit

Front

A traditional brick-and-mortar bank is what kind of bank?

Back

Retail Bank

Front

Which of the following is not an example of a predatory lender? Pawn Shop, Payday Lender, Car Title Lender

Back

Credit Union

Front

Which of the following is not a way that banks make money? Account overdraft charges, Interest on personal loans, ATM withdrawal fees

Back

Interest on savings balance

Front

A bank can help you                              your money and keep it                    .

Back

Manage; safe

Front

Some of the services banks offer include . . .

Back

Mortgages, check writing, and debit cards

Front

A savings account is for                   ,

Back

Long-term savings goals

Front

An easy way to avoid ending up with errors in your checking account is to simply . . .

Back

Monitor your account at least twice a week