FA-2.1-2.3 Quick Check for Understanding

Choose all that apply. Benefits of a checking account.

• Your account balance is insured up to $250,000

• You can track your spending and use account alerts

• You can use your account for online and mobile banking

• You will never pay any account fees or ATM fees

An excerpt from Andre’s bank statement is shown below. How much did he spend on his purchase from the MTA?

Which of the following are not true about check cashing services?

• They cash checks within 3-5 days for a higher fee than banks

• They cash checks within 3-5 days for a lower fee than banks

• They cash checks immediately for a higher fee than banks

• They cash checks immediately for a lower fee than banks

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

Reorder the following: average fee amounts from least to greatest?

• Maintenance

• Overdraft

• ATM

Rate of change (slope)

How many matchsticks are in step 0?

Write an equation to represent the number of matchsticks (y) in a given step (x).

How many matchsticks would be in step 43?