Answers Financial Literacy WMHS - Semester 1 Understanding Checking and Debit AccountsQuestion 1

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Understanding Checking and Debit Accounts

Question 1 • Financial Literacy (WMHS) - Semester 1

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

Answer

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

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