Checking

Which type of account has the MOST liquidity?

• Traditional Savings

• Certificate of Deposit (CD)

• Money Market Account (MMA)

• Checking

What is the second set of numbers at the bottom of the check called? (123789456123)

• Account Number

• Check Number

• Routing & Transit Number

• Telephone Number

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account

• Savings Account

• Market Money Account

• CD Account

Which of the following fee(s) may banks charge you for having an account with their institution ?

• Online Statement Fee

• Monthly Maintenance Fee

• In-Network ATM Fee

• Sufficient Funds Fee

Match the economic systems to its characteristics or meaning.

• Public and private sectors

• Mixed economy

• Customs, family, and historical basis

• Free Market

• Centrally owned by the government

• Traditional economy

• Private sector, profit, and minimal gov.

• Command economy

Which type of account is typically used for daily transactions and has the highest liquidity?

• Savings Account

• Certificate of Deposit

• Money Market Account

• Checking Account

What is the primary purpose of a checking account?

• To earn high interest

• To save money for long-term goals

• To facilitate daily transactions

• To invest in stocks

Which of the following accounts usually offers check-writing privileges?

• Savings Account

• Checking Account

• Retirement Account

• Investment Account

Which account type is most likely to have overdraft protection options?

• Savings Account

• Checking Account

• Money Market Account

• Certificate of Deposit

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

• High interest rates

• Limited withdrawals

• Debit card access

• Long-term savings