Week 6 of Personal Finance

What are some typical ways you can make withdrawals from a bank account? Choose the three answers that apply. Please do not guess, as incorrect answers are penalized for this question type.

Withdraw cash at your local branch bank office. Use paper checks to pay for purchases or bills. Use a debit card connected to your account to make purchases.

What are two core concepts to consider when beginning to manage money? Please do not guess, as incorrect answers are penalized for this question type.

Stewardship Contentment

To keep your account at a financial institution active, you will need to _______________.

make deposits

If the bank does not initially allow you to open an account, what options do you have?

Ask about a "second-chance" option that may allow you to open a checking account after meeting certain requirements.

What are some ways you can withdraw money from your checking account? Choose all that apply. Please do not guess, as incorrect answers are penalized for this question type.

Debit card Paper checks Requesting a cash withdrawal from the bank

The first thing you need to do to open a bank account is to go through a process called ___________________.

account verification