Chapter 5 Study Guide

Chapter 5 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 5
Fill in the blank using your own words or quote directly from the book. 


What are the 4 types of bank accounts?


What does CD stand for?


What are the 4 mentioned features of a checking account?




What are the 3 mentioned features of a savings account?




What are the 3 mentioned features of money market accounts?




What are the 3 mentioned features of Certificates of deposit accounts? 




What are the 4 key differences of a checking and savings account?




What is a joint account?




What are the 5 mentioned advantages of having a joint account?




What are the 5 mentioned downsides of having a joint account?





What are the 5 mentioned pros of having multiple savings accounts?







What are the 5 mentioned cons of having multiple savings accounts?







What are the 6 key points in choosing the right financial services?







What are the 12 key points of choosing a bank?





What are the 6 main differences between a credit union and a bank?





In the list of 13 banking apps for kids and teens, which stood out to you the most/ are you most interested in?






What is an ATM charge?




What are overdraft charges?




What are account management fees?



What’s a minimum balance charge?




What's a foreign transaction fee?



What’s a paper statement fee?



What’s an account closure fee?



What’s a wire transfer fee?




What are the 12 tips on how to avoid these fees?