homework questions for unit 11

A plastic payment card linked to a financial account and is used for transactions.

• Debit Card
• Credit Card
• Checking Account
• Savings Account

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

To take money out of an account.

• Take back
• Withdraw
• Deposit
• My money

Which bank is better for me? I pay for lunch 20 times a month with my debit card. I do not write checks or use the ATM.

• State Bank
• Bank of Texas

What would be my monthly costs if I chose to bank at Bank of Texas and use my debit card 20 times to pay for lunch?

• $10.00
• $2.00
• $20.00
• $4.00

Suppose I start writing checks to pay bills and use 20 checks each month. I also pull $20 twice a month out of the ATM. What are my fees at Bank of Texas?

• $4.00
• $5.00
• $3.50
• $9.00

Kayla had a balance of $106.15 in her checking account. She deposited $75.00. What is her new balance?

• 41.15

• 171.15

• 31.15

• 181.15

What will the account balance after entering a phone bill of $63.92 and a birthday gift of $50?

• $357.96

• $257.96

• $362.16

• $485.80

You get paid by your employer and go to the bank to add the money to your account This is called a...

• transfer

• withdrawal

• deposit

• debit

The ______ represents how much money you have in your checking or savings account.

• balance

• check

• withdrawal

• deposit