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Banking & Saving

Authored by Aaron Antram

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Banking & Saving
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an overdraft fee?

A fee charged when you transfer too many funds between accounts.
A fee for spending more money than you have
A fee for watching TV

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a good place to save for the future?

Money Market Account
Checking Account
Certificate of Deposit (CD)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will have the highest average fee?

Overdraft Fee
Out-of-Network ATM fee
Your too tall fee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do people use banks?

To keep money safe and easy to use
To play games
To buy food

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blanks with the correct responses. If you follow the 50-30-20 rule of budgeting, you'll be putting 50% of your monthly income toward _______________, 30% of your monthly income toward _____________, and 20% of your monthly income toward ______________.

Needs, wants, savings
Savings, needs, wants

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following transactions will REDUCE your checking account balance immediately?

Writing your monthly rent check which you will mail tomorrow
Using your debit card to pay for lunch
Depositing a check at a local bank branch

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often do customers typically receive a bank statement for their checking account?

Daily
Monthly

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