9
QuizMultiple Choice

Understanding Checking and Debit Accounts — Quiz

Question 9 • 26-27 Career Planning and Development A/B 9842E 9843E

Karen has $⁢800 to open a checking account. She wants an account with the lowest fees. She only writes about five checks per month and her employer has direct deposit. She does not plan on using the ATM or online banking. Bank Account Terms and Conditions Minimum Balance Online banking Check Limits ATM Fees Monthly Fee A 500 dollars yes unlimited 0 dollars for all ATMs 5 dollars B 250 dollars yes 15 per month 0 dollars for ABC bank ATMs 10 dollars C 50 dollars yes 0 point 0 8 dollars each 2 dollars per transaction 0 dollars with direct deposit D 100 dollars no over 10 0 point 1 2 dollars each 3 dollars per transaction 2 dollars Which checking account would be best for Karen?

Answer
A
Account C
B
Account B
C
Account A
D
Account D
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Karen has $⁢800 to open a checking account. She…