Teen Account NSF Quiz

10 Questions
Teen Account Nsf Quiz

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Questions and Answers
  • 1. 
    A fee charged for insufficient funds in a checking account:
    • A. 

      Nonsufficient funds

    • B. 

      Overdraft fees

    • C. 

      ATM fees

    • D. 

      Balance transfer fee

  • 2. 
    Balancing your checking account each month will allow you to:
    • A. 

      Keep track of how much money you have

    • B. 

      avoid overdrawing your account

    • C. 

      Catch mistakes and identify unauthorized activity

    • D. 

      All of the above

  • 3. 
    A withdrawal from a bank account that exceeds the available balance will result in:
    • A. 

      Overdraft fees

    • B. 

      ATM fees

    • C. 

      Balance transfer fees

    • D. 

      None of the above

  • 4. 
    Text Alerts from your account will allow you to: 
    • A. 

      Keep track of your account balance

    • B. 

      Check your transaction history

    • C. 

      Know when a deposit is made to your account

    • D. 

      All of the above

  • 5. 
    It is recommended that you review your bank statement:
    • A. 

      Often

    • B. 

      When you remember

    • C. 

      Daily

    • D. 

      Monthly

  • 6. 
    Using a ATM outside your credit union network will result in:
    • A. 

      Surcharge fee from the other financial institution

    • B. 

      Surcharge fee from CTCU

    • C. 

      Both CTCU & the other financial institution

    • D. 

      None of the Above

  • 7. 
    Balancing your checking account each month will allow you to
    • A. 

      Keep track of how much money you have

    • B. 

      Avoid overdrawing your account

    • C. 

      Find mistakes and identify unauthorized activity

    • D. 

      All of the above

  • 8. 
    According to this lesson, when preparing for a financial future you should: 
    • A. 

      Set spending rules

    • B. 

      Set spending goals

    • C. 

      Set saving goals

    • D. 

      Set SMART goals

  • 9. 
    Stop, Drop and _______ Before You Buy Test?
    • A. 

      Walk Away

    • B. 

      Decide

    • C. 

      Sream

    • D. 

      Think

  • 10. 
    What is cash flow? 
    • A. 

      Money flowing out of your account as expenses or debt

    • B. 

      Money flowing into your account as income

    • C. 

      Money flowing into your account as income and flowing out as expenses or debt

    • D. 

      None of the Above