Multiple Choice - HIGHLIGHT YOUR ANSWER

1. All of these are common banking fees, EXCEPT...
   1. Insufficient funds fee
   2. Overdraft fee
   3. ATM fee
   4. Account opening fee
2. 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...
   1. Set up text alerts, so she will be notified of potentially fraudulent charges in the future
   2. Contact the bank immediately, so they can investigate the charge
   3. Review her receipts and the details of the transaction, so she can confirm if the charge is real
   4. Wait for the bank to contact her, so she has the complete fraud report before responding
3. Your friend Samir very excitedly tells you about opening his new checking account. Im 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?
   1. A checking account isnt very safe, so you should hide your money in your mattress instead
   2. A checking account is the best place to leave your money because of the high interest rates
   3. A checking account won't grow your money much because of low interest rates and fees
   4. A checking account wont be good because it will be difficult to get your money into and out of
4. Which of these bank alerts will help protect you from overdrafting your account?
   1. Unusual activity alert
   2. Low balance alert
   3. Debit card alert
   4. Profile change alert
5. Which of the following is a way you can get money out of your checking account?
   1. Using your credit card to get cashback at a supermarket
   2. Withdrawing cash using an ATM
   3. Depositing a check at a bank branch
   4. Having your paycheck deposited electronically

6. Joakim is hesitant to set up online bill pay. All of these are benefits of online bill pay you could share with him EXCEPT...
   1. Online bill pay can help you meet your payment deadline
   2. You can pay electronically or still have a paper check sent instead
   3. It takes a bit of time to set up initially, but it could save you time in the long run
   4. Banks require that you have a large account balance in order to use bill pay

7. All of these are tips to be safe with online banking EXCEPT...
   1. Use strong passwords and different ones for each account
   2. Dont use any part of your Social Security number as a password
   3. Keep your browser and computer or mobile device up to date
   4. Make sure you carry a written password as a backup

8. Person-to-person payments are becoming more popular, so its a good idea to understand how they work. Which of the following is TRUE?
   1. To use a person-to-person payment, both people must have a checking account at the same bank branch
   2. Paying a cashier using your debit card is an example of a person-to-person payment because youre both physically in the same location
   3. Each transaction with a person-to-person payment app typically has large fees attached, so you should use them sparingly
   4. Person-to-person payments are usually conducted using a smartphone app rather than a computer
9. Your bank statement includes all of the following information, EXCEPT...
   1. Your credit score
   2. The statement period
   3. Any fees charged by the bank
   4. Debits and credits on your account

10. Consumers utilize mobile banking mostly for which activity?
    1. Making international transfers
    2. Inquiring about their account balance
    3. Paying bills
    4. Updating their account settings

11. All of the following are benefits of having a checking account, EXCEPT
    1. You can pay bills, check your balance, and transfer money using mobile banking
    2. You can track your finances using alerts, statements, and online banking
    3. You can earn a high interest rate on the money in your account
    4. You can have your paycheck deposited automatically into your account

12. 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?
    1. y = -12.75x + 10
    2. y = -12.75x - 10
    3. y = 10x - 12.75
    4. y = -10x - 12.75

13. A linear regression model is
    1. a table of data that represents two sets of data
    2. an equation that represents the linear relationship between two sets of data
    3. a graph that contains all of the points from a two-column table of data
    4. a number that represents how closely two sets of data are related