
Banking Accounts
Authored by Mark Piatak
Business
12th Grade
Used 2+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the main differences between checking and money market accounts?
Investment options and risk levels
Interest rates and accessibility of funds
Account holders and transaction limits
Minimum balance requirements and fees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the benefits of having a checking account?
Higher interest rates, ability to earn rewards, access to a personal banker
Limited access to funds, high fees for transactions, no option for direct deposits
Difficulty in managing finances, no opportunity to earn interest, lack of customer support
Easy access to funds, ability to make payments and withdrawals, option to set up direct deposits and automatic bill payments, opportunity to build a banking relationship
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some common features of checking accounts?
Ability to make cash withdrawals, access to a money market account, ability to make online payments
Ability to write checks, access to a savings account, ability to make wire transfers
Ability to earn interest, access to a credit card, ability to make cash deposits
Ability to write checks, make electronic transfers, access to a debit card, and ability to deposit and withdraw funds.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the typical fees associated with checking accounts and ATMs?
Monthly maintenance fees, overdraft fees, ATM withdrawal fees, and out-of-network ATM fees.
Late payment fees, wire transfer fees, and balance inquiry fees.
Annual fees, transfer fees, and foreign transaction fees.
Cash advance fees, stop payment fees, and paper statement fees.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which savings strategy is most effective:
Saving $5 / day
Saving $35 / week
Saving $150 / month
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percent of Americans under 65 years old have $0 saved for retirement?
26%
33%
48%
54%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rank order these payment types from most to least popular with consumers: cash, debit card and credit card.
Cash / Credit / Debit
Debit / Credit / Cash
Debit / Cash / Credit
Credit / Debit / Cash
Credit / Cash / Debit
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