Checking Accounts and Linear Equations

Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• over spending fee

Tags

CCSS.7.NS.A.1D

Which of the following is not found on a check?

• Account Owner's Name & Address
• Account Owner's Social Security Number
• routing number
• account number

This action removes money from an account, either at the bank or an ATM.

• Withdrawal
• Deposit
• Loan
• Credit

Tags

CCSS.7.NS.A.1A

The action enters money into an account.

• Deposit
• Withdrawal
• Loan
• Deduction

Tags

CCSS.7.NS.A.1B

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account
• Savings Account
• Market Money Account
• CD Account

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.9-10.4

People who are unbanked are most likely to...

• Use a mobile banking app

• Receive a monthly statement of their transactions

• Deposit their checks at the ATM

• Incur lots of fees at Check Cashers to access their money

Tags

CCSS.RI.8.2

CCSS.RI.K.1

CCSS.RL.2.1

CCSS.RL.3.1

CCSS.RL.6.2

If you use an ATM that is not sponsored by your bank, you may be...

• given extra money.
• given a hug.
• given ice cream.
• charged a service fee.

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.8.3

This occurs when the amount you withdraw from your account is more than your balance.

• Overdraft

• Overdue Payment

• Stop Payment

• Funds Transfer

Tags

CCSS.6.NS.C.7C

Which of the following best describes what FDIC Insurance is?

• A government backed policy that protects your money if a bank fails

• A bank program that protects you from high overdraft fees

• Additional accounts offered by banks to save for car and home insurance

Which of the following is an example of online bill pay?

• Using a person-to-person app to repay your friend for dinner

• Using Apple pay to purchase your groceries at a store

• Setting your bank to send your rent to the landlord monthly on the 25th