Question 1

1. All of these are common banking fees, EXCEPT...

Accepted Answer

Account opening fee

Answer

Overdraft fee

Answer

Insufficient funds fee

Answer

ATM fee

Question 2

2. Which of the following is a disadvantage of using a check casher, compared to a bank?

Accepted Answer

You pay a higher fee to cash checks at a check casher than at a bank

Answer

You can only cash checks worth more than $500 at a check casher

Answer

You can cash fewer checks at a check casher than at a bank

Answer

You wait longer to get your money at a check casher than at a bank

Question 3

3. Isabella notices her bank statement includes a $25.72 charge from Shell Gas that she does not remember making. She should do all of the following, EXCEPT...

Accepted Answer

Wait for the bank to contact her, so she has the complete fraud report before responding

Answer

Contact the bank immediately, so they can investigate the charge

Answer

Set up text alerts, so she will be notified of potentially fraudulent charges in the future

Answer

Review her receipts and the details of the transaction, so she can confirm if the charge is real

Question 4

4. Which of these options correctly matches the fee with its average cost?

Accepted Answer

Overdraft fee - $35

Answer

Overdraft fee - $50

Answer

Monthly maintenance fee - $50

Answer

ATM fee - $35

Question 5

5. Your friend Samir very excitedly tells you about opening his new checking account. “I’m so glad they only had a minimum opening amount of $50! I will leave my money in there so it can grow!” What is some advice you might give to Samir?

Accepted Answer

A checking account won't grow your money much because of low interest rates and fees

Answer

A checking account is the best place to leave your money because of the high interest rates

Answer

A checking account isn’t very safe, so you should hide your money in your mattress instead

Answer

A checking account won’t be good because it will be difficult to get your money into and out of

Question 6

6. Which of these bank alerts will help protect you from overdrafting your account?

Accepted Answer

Low balance alert

Answer

Profile change alert

Answer

Unusual activity alert

Answer

Debit card alert

Question 7

7. Which of the following is a way you can get money out of your checking account?

Accepted Answer

Withdrawing cash using an ATM

Answer

Using your credit card to get cashback at a supermarket

Answer

Having your paycheck deposited electronically

Answer

Depositing a check at a bank branch

Question 8

8. Joakim is hesitant to set up online bill pay with his credit union account. All of these are benefits of online bill pay you could share with him EXCEPT...

Accepted Answer

Banks require that you have a large account balance in order to use bill pay

Answer

It takes a bit of time to set up initially, but it could save you time in the long run

Answer

Online bill pay can help you meet your payment deadline

Answer

You can pay electronically or still have a paper check sent instead

Question 9

9. All of these are tips to be safe with online banking EXCEPT...

Accepted Answer

Make sure you carry a written password as a backup

Answer

Don’t use any part of your Social Security number as a password

Answer

Keep your browser and computer or mobile device up to date

Answer

Use strong passwords and different ones for each account

Question 10

10. Person-to-person payments are becoming more popular, so it’s a good idea to understand how they work. Which of the following is TRUE?

Accepted Answer

Person-to-person payments are usually conducted using a smartphone app rather than a computer

Answer

Paying a cashier using your debit card is an example of a person-to-person payment because you’re both physically in the same location

Answer

Each transaction with a person-to-person payment app typically has large fees attached, so you should use them sparingly

Answer

To use a person-to-person payment, both people must have a checking account at the same bank branch

Question 11

11. Your bank statement includes all of the following information, EXCEPT...

Accepted Answer

Your credit score

Answer

Any fees charged by the bank

Answer

Debits and credits on your account

Answer

The statement period

Question 12

12. Consumers utilize mobile banking mostly for which activity?

Accepted Answer

Inquiring about their account balance

Answer

Making international transfers

Answer

Updating their account settings

Answer

Paying bills

Question 13

13. All of the following are benefits of having a checking account, EXCEPT…

Accepted Answer

You can earn a high interest rate on the money in your account

Answer

You can have your paycheck deposited automatically into your account

Answer

You can pay bills, check your balance, and transfer money using mobile banking

Answer

You can track your finances using alerts, statements, and online banking

Question 14

14. Liam accidentally charged more on his debit card than he had in his checking account. His balance is now -$12.75. He is charged a $10 overdraft fee each day his account balance is below $0. He makes no other withdrawals or deposits. Which equation accurately represents his balance, y, after x days?

Accepted Answer

y = -10x - 12.75

Answer

y = -12.75x - 10

Answer

y = -12.75x + 10

Answer

y = 10x - 12.75

Question 15

15. A linear regression model is...

Accepted Answer

an equation that represents the linear relationship between two sets of data

Answer

a graph that contains all of the points from a two-column table of data

Answer

a table of data that represents two sets of data

Answer

a number that represents how closely two sets of data are related

Question 16

16. What is the slope of the linear function shown in the table below?

Accepted Answer

14/4

Answer

0

Answer

14

Answer

4/14

Question 17

17. A scatterplot is...

Accepted Answer

A graph that shows the relationship between two data sets

Answer

A graph that shows what percentage of data is related

Answer

A graph that shows data changing using dots connected together by lines

Answer

A graph that uses rectangular bars to show how large values are

Question 18

18. When the sign of the slope is negative, the line travels…

Accepted Answer

down as you move from left to right

Answer

up as you move from left to right

Answer

vertically

Answer

horizontally

Question 19

19. Which of the following graphs represents the equation y = -2x + 1?

Accepted Answer

https://uploads.quizalize.com/21793b3c-d752-4f80-b8e8-b4a551e16c75/question/7c185c99b484db9510201de95d55d08ffe374c33.gif

Answer

https://uploads.quizalize.com/21793b3c-d752-4f80-b8e8-b4a551e16c75/question/ce4fe57ec5d177aca6c1e39dcf850848df9edc3b.gif

Answer

https://uploads.quizalize.com/21793b3c-d752-4f80-b8e8-b4a551e16c75/question/0ef1312fd677a57949fc92490943b16295a3ffc8.gif

Answer

https://uploads.quizalize.com/21793b3c-d752-4f80-b8e8-b4a551e16c75/question/b36e67f1719d8473c094a4a5e6d3228ce7ecb2cd.gif

Question 20

20. Choose the scatter plot that has a negative correlation.

Accepted Answer

https://uploads.quizalize.com/21793b3c-d752-4f80-b8e8-b4a551e16c75/question/6b76798adbccda9607a2eb6378839bf8de5ebe41.gif

Answer

https://uploads.quizalize.com/21793b3c-d752-4f80-b8e8-b4a551e16c75/question/9657e70d84e94b8806931cfb8fcd4bfe02557851.gif

Answer

d. None of the graphs show a negative correlation

Answer

https://uploads.quizalize.com/21793b3c-d752-4f80-b8e8-b4a551e16c75/question/6246fe8cae405b6f2abd56b938543ac00e59092a.gif

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