( the subject is dollars and sense) When comparing checking accounts, interest earned on the account is the most important
Question:
What are two ways you can deposit money into your account and two ways you can withdraw money from your account (four answers total)
Name two reasons why it is important to check your bank statements on a regular basis.
Identify two fees that banks typically charge on a checking account and how you can avoid them.
* BTWTHESE ARE HANDWRITTEN QUESTIONS*
Answers
When comparing checking accounts, interest earned on the account is the most important factor.
I disagree, since most checking accounts pay an extremely low interest rate that is not even relevant, even savings accounts pay a symbolic interest rate only. The most important thing about comparing checking accounts are the fees that banks charge.
Your friend says it’s a bad idea to have a checking account because of all the fees. Make a persuasive argument about the benefits of having a checking account.
Some checking accounts do not charge any fees, e.g. Capital One checking account, and the main advantage over a savings account is that you can write checks or withdraw money whenever you want.
What are two ways you can deposit money into your account and two ways you can withdraw money from your account (four answers total)
you can deposit/withdraw money in person by going to the bankyou can deposit/withdraw money using an ATMyou can transfer money into or from an online accountwrite checksName two reasons why it is important to check your bank statements on a regular basis.
to check any fees charged by your bankit is always a good idea to check how much money you have it helps to prevent fraudIdentify two fees that banks typically charge on a checking account and how you can avoid them.
Minimum balance monthly fee. You can avoid it by keeping your balance of the minimum required amount. Using other banks' ATMs. Use only your bank's ATMs.the correct answer is d. wealthy colonists to take care of the less fortunate. hope this
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