FA-Unit 2: Checking & Linear Equations

Arjun, Aiden, and Ethan are playing a game of 'Banking Trivia'. Arjun reads out the question: 'Which of these is NOT a common banking fee?' Can you help them answer?

• Insufficient funds fee

• Overdraft fee

• ATM fee

• Account opening fee

Tags

CCSS.5.NBT.A.2

2. Noah and Arjun are having a debate. Noah thinks using a check casher is a better option than a bank, but Arjun disagrees. According to Arjun, what could be a disadvantage of using a check casher compared to a bank?

• Charlotte would have to wait longer to get her money at a check casher than at a bank

• Charlotte would have to pay a higher fee to cash checks at a check casher than at a bank

• Charlotte can only cash checks worth more than $500 at a check casher

• Charlotte can cash fewer checks at a check casher than at a bank

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

3. Imagine this! Our friend Isabella, while sipping her morning coffee, notices a mysterious $25.72 charge from Shell Gas on her bank statement. She doesn't remember making this purchase. Now, she needs to take some actions, but there's one thing she shouldn't do. Can you guess what that is, Noah and Grace?

• Set up text alerts, so she will be notified of potentially fraudulent charges in the future

• Contact the bank immediately, so they can investigate the charge

• Review her receipts and the details of the transaction, so she can confirm if the charge is real

• Wait for the bank to contact her, so she has the complete fraud report before responding

Tags

CCSS.6.RP.A.3B

4. Scarlett, Isla, and Evelyn are having a debate about banking fees. They are trying to match the fee with its average cost. Can you help them figure out which of these options is correct?

• Monthly maintenance fee - $50

• Overdraft fee - $35

• ATM fee - $35

• Overdraft fee - $50

Tags

CCSS.8.EE.C.7B

5. Imagine this scenario: Your friend Benjamin, with a big grin on his face, tells you about his new adventure of opening a checking account. He says, “I’m thrilled they only required a minimum opening amount of $50! I plan to let my money sit there and grow!” Olivia and Jackson, what advice would you give to Benjamin?

• Benjamin, a checking account isn’t very safe, so you should hide your money in your mattress instead

• Benjamin, a checking account is the best place to leave your money because of the high interest rates

• Benjamin, a checking account won't grow your money much because of low interest rates and fees

• Benjamin, a checking account won’t be good because it will be difficult to get your money into and out of

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CCSS.RL.11-12.3

CCSS.RL.6.6

CCSS.RL.7.6

CCSS.RL.8.6

CCSS.RL.9-10.3

6. Imagine Liam, David, and Zoe are playing a game of 'Bank Alert'. Which alert from the game would help them avoid draining their bank accounts completely?

• Unusual activity alert

• Low balance alert

• Debit card alert

• Profile change alert

Tags

CCSS.6.EE.B.6

7. Imagine Rohan, Nora, and Aria are planning a fun day out and they need some cash. Which of the following ways can they use to get money out of their checking account?

• Using their credit card to get cashback at a supermarket

• Withdrawing cash using an ATM

• Depositing a check at a bank branch

• Having their paycheck deposited electronically

Tags

CCSS.6.EE.B.6

8. Samuel, Grace, and Charlotte are having a lively debate about the benefits of online bill pay with their credit union account. They all agree on several points, but there's one they can't agree on. Which of the following is NOT a benefit of online bill pay they could share with their friend Joakim?

• Online bill pay can help Joakim meet his payment deadline

• Joakim can pay electronically or still have a paper check sent instead

• It takes a bit of time for Joakim to set up initially, but it could save him time in the long run

• Banks require that Joakim have a large account balance in order to use bill pay

Tags

CCSS.7.NS.A.1D

9. Imagine Olivia, William, and Emma are discussing online banking safety. They all share useful tips, but one of them shares a tip that isn't quite right. Can you spot it?

• Olivia says: 'Use strong passwords and different ones for each account.'

• William says: 'Don’t use any part of your Social Security number as a password.'

• Emma says: 'Keep your browser and computer or mobile device up to date.'

• One of them says: 'Make sure you carry a written password as a backup.'

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CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

10. Hey there, Zoe, Hannah, and Benjamin! We all know that person-to-person payments are becoming a trend these days, right? So, it's super important for us to understand how they work. Can you tell me which of the following statements is TRUE?

• To use a person-to-person payment, both people must have a checking account at the same bank branch

• Paying a cashier using your debit card is an example of a person-to-person payment because you’re both physically in the same location

• Each transaction with a person-to-person payment app typically has large fees attached, so you should use them sparingly

• Person-to-person payments are usually conducted using a smartphone app rather than a computer