Understanding Checking and Debit Accounts

Question 1 of 3 • Financial Literacy (WMHS) - Semester 1

Which statements about deposits are true? Check all that apply.

Answer

Deposits increase the checking account balance.

A deposit is money that is subtracted from a bank account.

Deposited money can be transferred electronically from one bank to another.

You cannot make a deposit at an ATM.

You can deposit a greater amount than the balance in the account.

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