What is an exchange rate? (select the best answer.)
question 1 options:
ho...
Business, 03.10.2019 13:00, wrestling2
What is an exchange rate? (select the best answer.)
question 1 options:
how much a currency is worth when it's exchanged with another country's currency
how much bills are worth when they're exchanged with cash
how much dollars are worth when they are exchanged with coins
how much bonds are worth when they're exchanged with cash
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question 2 (1 point) question 2 unsaved
what is the amount of money in a bank account called? (select the best answer.)
question 2 options:
check register
debit
account total
balance
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question 3 (1 point) question 3 unsaved
if it's important to you to talk to a bank employee, which transaction method should you choose? (select the best answer.)
question 3 options:
online
bank branch
funds transfer
direct deposit
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question 4 (1 point) question 4 unsaved
which of the following is less important to consider when choosing a bank? (select the best answer.)
question 4 options:
the number of employees at each bank branch
the types of accounts the bank offers
the financial services the bank offers
the distance between the bank and your home
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question 5 (1 point) question 5 unsaved
which of the following is typically not a feature of checking accounts? (select the best answer.)
question 5 options:
a minimum balance
a debit card
atm transactions
interest
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question 6 (1 point) question 6 unsaved
which type of check endorsement includes text that states you shouldn't be responsible if its funds are insufficient? (select the best answer.)
question 6 options:
special endorsement
restrictive endorsement
qualified endorsement
blank endorsement
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question 7 (1 point) question 7 unsaved
what is an overdraft? (select the best answer.)
question 7 options:
going below the minimum balance of your account
spending more money than you have in your account
not making deposits frequently enough
making purchases at too many different retailers
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question 8 (1 point) question 8 unsaved
which of the following is a right that's given to anyone who has a bank account? (select the best answer.)
question 8 options:
the right to be told what fees or minimum balances an account has
the right to change the minimum balance on the account
the right to write an unlimited number of checks
the right to refuse to pay overdraft fees
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question 9 (1 point) question 9 unsaved
what does using your checking register let you do? (select the best answer.)
question 9 options:
keep track of the visits you make to a bank branch
keep track of transactions that affect an account
make electronic transfer payments
make purchases online
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question 10 (1 point) question 10 unsaved
what is direct deposit? (select the best answer.)
question 10 options:
a deposit you make at an atm
an interest payment from the bank
a deposit an employer makes into an employee's account
a deposit you make between two bank accounts
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question 11 (1 point) question 11 unsaved
a is when you move money from one bank account to another. (select the best answer.)
question 11 options:
deposit
transfer
withdrawal
atm transaction
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question 12 (1 point) question 12 unsaved
which of the following might a bank do to ensure customers' money stays in the bank? (select the best answer.)
question 12 options:
allow customers unlimited withdrawals
require minimum balances
set very low interest rates
refuse to offer interest
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question 13 (1 point) question 13 unsaved
which of the following is a risk banks should prepare for? (select the best answer.)
question 13 options:
too many people requesting loans
borrowers who don't pay back loans
people switching to online transactions
falling interest rates
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question 14 (1 point) question 14 unsaved
what does the fdic do? (select the best answer.)
question 14 options:
regulates national interest rates
provides bank account information to customers
provides insurance on money in bank accounts
prints currency
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question 15 (1 point) question 15 unsaved
why is a bank willing to protect your money for free or for a low cost? (select the best answer.)
question 15 options:
because the bank is a free service provided by the government
because the bank can invest your money to make more money for itself
because the bank is not interested in making a profit
because the bank won't allow you to remove all of the money from your account
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Answers: 1
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