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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?

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