Which of the following is an effective strategy for personal saving?

Joelle wants to have an emergency fund to cover 6 months of her expenses. Her monthly gross pay is $4,000 and her monthly expenses are $2,000. If she plans to save 10% of her gross pay each month, how long will it take her to build her emergency fund?

All of the following statements about bank accounts are true EXCEPT…

All of the following are true about prepaid cards EXCEPT…

You are developing a savings plan and using short-, medium-, and long-term goals to motivate you. Which represents possible goals from short-term to long-term? Save for…

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 ______________.

Which represents the BEST time to start saving for your retirement?

Which of the following statements is TRUE?

Experts recommend that you accumulate enough to cover 3 to 6 __________________ of expenses in your emergency fund.

Which of these is a reason someone might choose to open an online savings account rather than a savings account at a traditional bank?

Three of these statements best describe a checking account. Which statement best describes a savings account?

You overhear your Aunt Tina tell your mom that she, her husband, and their kids are "living paycheck to paycheck." What does Aunt Tina mean by that?

You are at the checkout counter at the local supermarket and use your debit card to pay for your groceries. Where does the money for this purchase come from?

Fill in the blanks: If inflation is _____________ your savings account interest rate then you will be ______________ purchasing power.

Jocelyn gets a text alert from the bank that her account balance has dropped below $100 after a series of $20 ATM withdrawals. She has not used her ATM in over a week and wonders what she should do. What would you recommend?

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

Which of the following statements is an advantage of online banking?

FDIC Insurance is...

When signing up for a new checking account, you answer "Yes" to receive overdraft coverage. On this day, you have $10 in your account and go out and use your debit card to buy lunch for $12, a movie ticket for $12 and dinner for $15. What is likely to be the outcome resulting from these transactions?

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

When signing up for a new checking account you answer "No" and opt out of overdraft coverage. On this day, you have $10 in your account and go out and use your debit card to buy lunch for $12, a movie ticket for $12 and dinner for $15. What is likely to be the outcome resulting from these transactions?

A person-to-person payment app could be used in each of the following scenarios EXCEPT...

Fill in the blanks: Direct deposit typically refers to your ______ sending your ______ electronically to your bank account.

All of the following are downsides of being unbanked EXCEPT:

Is a method for managing customer money used to make purchases and pay bills.

You can use this to type of banking account to make deposits and use the money whenever needed

Is a sequence of digits used to identify the customer's bank

Is a sequence of digits used to identify the customer's checking account.

What 3 things can be found on a check? (More than 1)

Is a plastic card used to make purchases, pay bills, and withdraw cash using the customer's checking account.

Are cards that have a specific amount of money assigned to them.

What are prepaid cards that can have more money assigned to them when all of the money runs out

Penalties charged to the checking account when a customer makes a purchase for more money than is in the checking account.

Is a timed savings plan in which the money cannot be used until an agreed end date.

Is a bank storing money that the customer does not plan on using until later.

If the bank "fails" and loses the customers' money, the FDIC will ensure that the customer's money is made available to them if the bank cannot provide it.

FDIC stands for "Federal Deposit Illegal Corporation."