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?
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