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Understanding Checking Accounts Quiz

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Question 1 of 4

1. Question
What is a checking account?
- A type of bank account for long-term savings
- A type of bank account for managing money for everyday spending
- A type of bank account for investing in the stock market
- A type of bank account for borrowing money
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Question 2 of 4

2. Question
What are the benefits of having a checking account?
- Making deposits and withdrawals easily
- Making payments through checks or debit cards
- Keeping a record of all your transactions
- All of the above
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Question 3 of 4

3. Question
Why is it important to shop around for a checking account?
- To find the account with the highest interest rate
- To find the account with the lowest fees
- To find the account that best meets your needs
- To find the account with the most overdraft fees
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Question 4 of 4

4. Question
What feature might a checking account offer to make it more appealing to customers?
- Free ATM access
- High fees for deposits and withdrawals
- No record of transactions
- No overdraft protection
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Posted

08/21/2023

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by

Damien O’Neill

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