Banking Test Questions And Answers 100% Verified A+ Guaranteed

how often do customers receive a bank statement for their checking account? {Ans: Monthly.}you are developing a savings plan and using short-, medium-, and long term goals to motivate you. Which represents possible possible goals from short term to long term ? a-retirement, a house down payment, college tuition b-a new cell phone, college tuition, a house down payment c-a new cell phone, dinner with friends this weekend, a new bike d-retirement, college tuition, a vacation {Ans: b-a new cell phone, college tuition, a house down payment}What transaction will reduce your checking account balance immediately? {Ans: using your debit card to pay for groceries.}What is the highest expected interest rate to lowest expected interest rate for savings options? {Ans: 10-year CD, 5-year CD Savings account at traditional bank.}FDIC insurance is? {Ans: Protection for bank customers' deposits up to $250,000, guaranteeing their money is still available if the bank goes out of business}Personal saving strategy? {Ans: Save a certain percentage of each paycheck and deposit it directly into a savings account}direct deposit typically refers to your ____ sending your ____ electronically to your bank account. {Ans: employer, paycheck}You say "yes" to receive overdraft protection