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Checking Accounts

Authored by John Robinson

Social Studies

12th Grade

15 Questions

DOK Level 1: Recall covered

Checking Accounts
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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of bank account is best for everyday transactions?

Checking Account

Savings Account

Money Market Account

Certificate of Deposit

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a feature of a checking account?

Ability to write checks

Earning high interest rates

Access to debit card transactions

Online bill payment options

Tags

DOK Level 1: Recall

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of bank account typically offers the least (if any) interest?

Checking account

Savings account

Money market account

Certificate of deposit

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a primary advantage of using a checking account for daily expenses?

Convenience of transactions

High interest rates

Long-term savings

Tax benefits

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a common feature of checking accounts?

Fixed interest rate

Limited withdrawals

Overdraft protection

Penalty for early withdrawal

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is typically required to open a checking account?

A credit score check

A minimum deposit

A co-signer

A loan application

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a disadvantage of a checking account?

Limited access to funds

High transaction fees

No check-writing ability

Inability to use ATMs

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