AnswersCHS EconomicsInvesting and Financial Markets

Understanding Checking and Debit Accounts Answers

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21
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Irma has $500 to open a checking account. She wants an account with the lowest fees. She plans to use only her bank’s ATM to deposit her paychecks and withdraw cash. Bank Account Terms and ConditionsWhich checking account would be best for Irma?

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A
Account A
B
Account B
C
Account C
D
Account D
22
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Sarah transferred $450.00 from her savings account to her checking account. She’ll use the check register to record her transaction. What will be her new balance?$

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Answer not available
24

Which bank does not charge at all for using the ATM? Bank Account Terms and Conditions

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A
Bank A
B
Bank B
C
Bank C
D
Bank D
26

Which account has the lowest minimum balance requirement?Bank Account Terms and Conditions

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A
Account A
B
Account B
C
Account C
D
Account D
28

Ming made a car insurance payment of $122.50. He’ll use the check register to record his transaction. What will be his new balance?$

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Answer not available
29

Terrell has $300 to open a checking account. He plans to use the ATM four times per month at his local branch. He does not overdraft his account. Bank Account Terms and ConditionsWhich checking account would be best for Terrell?

Question illustration
A
Account A
B
Account B
C
Account C
D
Account D
30

Devonte is balancing his checking account. His account statement does not include a deposit of $107.00 that he made on November 1st. What is Devonte’s actual account balance?

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A
$718.62
B
$932.62
C
$1,116.26
D
$1,330.26

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