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Checking Accounts

Authored by John Robinson

Social Studies

12th Grade

16D covered

Checking Accounts
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25 questions

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1.

OPEN ENDED QUESTION

1 min • 1 pt

In your opinion, what is the most important reason to get a checking account?

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2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which fee might be charged if you close a bank account soon after opening it?

Overdraft fee

Insufficient fund fee

Early account closing fee

Wire transfer fee

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money deposited in a _____ can be withdrawn at any time by check or debit card.

savings account

certificate of deposit

money market account

checking account

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_______ is where people keep day to day spending amount.

Checking Account

Money Market Accounts

Certificate of Deposits

None of the above

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16D

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which account type lets you spend your money easier?

savings account

checking account

certificate of deposit

mortgage

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of account is more suitable for paying monthly bills?

Saving account

Checking account

Investment account

Retirement account

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DOK Level 1: Recall

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a common feature of checking accounts that allows easy access to funds?

Overdraft protection

High interest rates

Limited withdrawals

Tax benefits

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