U4D5

What is an overdraft fee?

• Fee for withdrawing more money than you have in the account

• Fee for writing a check

• Fee for going below your minimum balance requirement

• Fee for making too many transfers from your account

Tori has $75 in her checking account and swipes her debit card for a $90 purchase at Target. She has overdraft protection. What most likely happens?

• Her purchase is declined

• Target calls the police to report her for fraud

• Her purchase is approved, and she pays no fee

• Her purchase is approved, but she pays an overdraft fee

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CCSS.7.NS.A.1C

Which is the correct order of average fee amounts from least to greatest?

• ATM, Overdraft, Maintenance

• Overdraft, Maintenance, ATM

• ATM, Maintenance, Overdraft

• Overdraft, ATM, Maintenance

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CCSS.6.NS.C.7

CCSS.6.SP.A.1

CCSS.6.SP.A.2

CCSS.6.SP.A.3

CCSS.6.SP.B.5

Juanita has $3.56 in her checking account. Her bank charges $35 dollars for every overdraft. She uses her debit card to buy lunch at taco bell for $8.92. How much does her lunch really cost her?

• $3.56

• $8.92

• $43.92

• $-26.08

Tags

CCSS.7.NS.A.3

Juanita has $3.56 in her checking account. Her bank charges $35 dollars for every overdraft. She uses her debit card to buy lunch at taco bell for $8.92. How much is in her account after the purchase?

• $-5.36

• $-35.00

• $-40.36

• $-43.92

Tags

CCSS.7.NS.A.3

Mohamed has $2.74 left in his account, which charges $40 in overdraft fees. He uses his debit card to buy a video game for $29.99. How much did the video game really cost Mohamed?

• $2.74

• $29.99

• $40.00

• $69.99

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CCSS.7.NS.A.3

True or False: NSF stands for non-sufficient funds and means there is not enough money in your account to cover a purchase.

• True

• False

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CCSS.RI.11-12.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.8.7

CCSS.RL.9-10.7

True or False: It is good to overdraw a bank account as often as possible

• True

• False

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

True or False: Buying something when you do not have enough money in your account can result in costing you a lot more money.

• True

• False

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CCSS.6.NS.C.5

True or False: Overdraft protection is usually free.

• True

• False