Understanding Checking and Debit Accounts Answers

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1
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Which transactions can increase the balance in a checking account? Check all that apply.

A
direct deposit of a paycheck
B
debit of $10
C
ATM withdrawal of $40
D
EFT from a different bank into the account
E
monthly bank fee of $5
3

Question text not available

Answers:
represents where the amount of $158.29 should be written.:A
represents where the amount of $250 should be written.:D
4

For Mathew Carter, the check would be a ✔ depositdebitwithdrawaltransfer.

Answers:
.:deposit
the balance in his checking account.:added to
9

Which is true about Janet’s account?

A
The account balance is $70.40.
B
The account balance is $150.40.
C
The account balance is $330.40.
D
The account is overdrawn by $87.24.
10

Heidi opened her first checking account. She deposited $500 into the account. List four ways Heidi can withdraw money from her checking account.

Answer:

Heidi can write a check, use an ATM, fill out a withdrawal slip and take it into the bank, or use online banking to transfer money to another account.

11

Question text not available

Answer not available
14

The letter ✔ ABCDEF represents where the amount of $158.29 should be written.

Answers:
represents where the amount of $158.29 should be written.:A
represents where the amount of $250 should be written.:D
22

Check all that you included in your response.

A
minimum balance
B
interest earned
C
ATM usage/fees
D
overdraw protection/fees
E
monthly service fees
F
annual fee
23

He researched checking accounts at different banks near his house. List at least five benefits and/or fees that may differ among the accounts.

Answer:

The accounts may differ in minimum balance required, interest rate, ATM fees, overdraw protection, the monthly service fee, and the annual fee.

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