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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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Respuesta :

1) How much a currency is worth...
2) Balance
3) Bank Branch
4) The number of employees at each bank branch
5) Interest
6) Restrictive endorsement
7) Spending more money than you have in your account
8) The right to be told what fees or minimum balances an account has
9) Keep track of transactions that affect an account
10) A deposit an employer makes into an employee's account
11) Transfer
12) Require minimum balances
13) Falling interest rates
14) Provides insurance on money in bank accounts
15) Because the bank can invest your money to make more money for itself
Meowthteam

Answer:

1)How much a currency is worth when it's exchanged with another country's currency

2)Balance

3)Bank branch

4)The number of employees at each bank branch

5)Interest

6)Qualified endorsement

7)Spending more money than you have in your account

8)The right to be told what fees or minimum balances an account has

9)Keep track of transactions that affect an account

10)A deposit an employer makes into an employee's account

11)Transfer

12)Require minimum balances

13)Borrowers who don't pay back loans

14)Provides insurance on money in bank accounts

15)Because the bank can invest your money to make more money for itself

I got an 87 with the other guys answers, use mine to get a 100

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