Quiz 3 Consumer Math

This means to take money out a bank account.

• deposit

• withdraw

• withheld

• finance

It is a piece of paper that orders a bank to pay money from an account.

• atm

• slip

• check

• chart

A type of a bank account that allows you to write checks in order to pay out expenses or bills.

• checking account

• savings account

• debit account

• credit account

A type of a bank account used to save money and earn interest.

• checking account

• savings account

• debit account

• credit account

A type of interest earned on the principal amount only.

• Simple Interest

• Compound Interest

• Debit Interest

• Complicated Interest

A type of interest earned on the principal amount and on the interest already earned.

• Simple Interest

• Compound Interest

• Debit Interest

• Complicated Interest

This means to put money into a bank account.

• deposit

• withdraw

• withheld

• finance

Mary cashed her paycheck at Easy Cash. The fee to cash a check is 3% of the amount of the check. Mary's paycheck was $800. How much was the fee?

• $ 2.4

• $ 240

• $ 2400

• $ 24

Saul wants to cash a check for $ 820 at his bank. He has $ 755 in his bank account. How much more money will he need in his bank account to cash the check?

Karlos used the ATM to withdraw $ 250. This was his fourth time at the ATM this month. His bank does not charge for the first three ATM uses each month. After that, the fee is $0.50 each use. Before he used the ATM, his balance was $820.50. What is his NEW balance?