WorksheetsW4TU-UNIT 2 CHECKING ACCOUNTS
Total questions: 25
Worksheet time: 17mins
1. How frequently does John typically receive account statements from his bank?
Daily
Weekly
Monthly
Annually
$-72.47
$0.55
$694.81
$1,442.61
Interac is an out-of-network ATM and First Bank charges customers if they use out-of-network ATMs.
First Bank charges customers for using their ATMs.
Banks charge fees if you take out less than $100 at an ATM machine.
The first ATM transaction is free but all additional ATM transactions have a fee.
$200.00, 3 weeks
$694.81, 2 weeks
$300.00, 1 month
$100.00, 2 weeks
John's Savings account balance declined by $50 and his Checking account balance increased by $50
John's Savings account balance increased by $50 and his Checking account balance declined by $50
John's Savings account balance had no change and his Checking account balance declined by $50
John's Savings account balance increased by $50 and his Checking account balance had no change
6. Which statement is true regarding Check #409?
This check likely came from John’s employer.
This check was written by John and paid to another person or business.
This check caused John to overdraw his checking account.
This check added $100 to John’s account.
The Online Bill Payment for $146.67
Check No. 409 for $100
Check No. 410 for $710.49
The Overdraft Fee of $35
John’s payment was greater than the balance he had available in his account so the bank will deposit $237.81 into John’s account so he can pay his bills.
John’s payment was greater than the balance he had available in his account so he was charged a $35 fee.
John’s payment was greater than the balance he had available in his account so he was charged a $5 monthly maintenance fee.
John’s payment was greater than the balance he had available in his account so the bank will transfer $35 from a linked account.
Online Transfer Fee, Overdraft Fee, Per Check Fee
Per Check Fee, ATM Fee, Overdraft Fee, Maintenance Fee
Online Transfer Fee, ATM Fee, Maintenance Fee
ATM Fee, Overdraft Fee, Maintenance Fee
Ending Balance = Previous Balance + Deposits + Withdrawals
Ending Balance = Previous Balance - Deposits + Withdrawals
Ending Balance = Previous Balance + Deposits - Withdrawals
Ending Balance = Previous Balance - Deposits - Withdrawals
What total percentage of purchases were paid for with either a credit card, debit card, or check?
(a)
What percentage of respondents said their main reason was not having enough money to meet minimum balance requirements?
(a)
Joshua made the following purchases in a day. What percentage of his purchases was for his soccer gear? (Round to the nearest tenth.) Do not type the % symbol with your answer.
For example, type 24.8% as 24.8
- Bus fare - $4 - Gas - $43 - Netflix subscription - $10
- Coffee - $3 - Dinner - $15 - Soccer Gear - $35
(a)
The monthly maintenance fee is $13. What percentage of his balance would be spent on fees if Joshua had a starting balance in September of $116? Don't type the % symbol and round to the tenths place.
(a)
If he had to pay the maintenance fee a second time in October and had not deposited any more money, that $13 fee would be what percentage of Joshua’s October starting balance?
Don't type the % symbol and round to the tenths place.
(a)
If 72% of households reported paying no banking fees whatsoever, that means 28% of households paid all the fees. Out of the total 131.3 million households in America, approximately how many paid banking fees in 2019?
(a)
Using the # of households answer from #22 answer the following question:
Banks made around $31 billion in fees in 2019. If those households were responsible for the entire $31 billion, on average how much did each pay in fees?
(a)
When it comes to fears about banking, only 13% of Americans are cautious of incurring bank fees, according to a GOBankingRates survey. How many of the 131.3 million households in America are on the lookout for these hidden bank fees?
(a)
True or False: Once you are signed up for overdraft protection, you cannot opt out.
True
False
