A+ Biochemistry Test Bank: Guaranteed Pass with Updated
Answers for 2025!
What is the highest expected interest rate to lowest expected interest rate for savings options? - Answer-
10-year CD, 5-year CD Savings account at traditional bank.
Personal saving strategy? - Answer-Save a certain percentage of each paycheck and deposit it directly
into a savings account
What best describes a checking account ? - Answer-This account pays you interest on money you have
put away for later to help your money grow.
What does "living paycheck to paycheck" mean ? - Answer-No money is saved and paychecks are just
barely covering monthly expenses
You used your debit card to purchase groceries, where does the money for this purchase come from? -
Answer-it is deducted directly from your checking account
A notification alerts you that your account balance has dropped $100 after a series of ATM withdrawals.
You have not used the ATM in over a week. What should you do? - Answer-Contact your bank
immediately to see if your account has been hacked.
What transaction will reduce your checking account balance immediately? - Answer-using your debit
card to pay for groceries.
What is an advantage to online banking ? - Answer-Using online banking, you can request transfers, pay
bills, and automate your savings without visiting the bank branch.
all of the following are true about prepaid cards EXCEPT:
Answers for 2025!
What is the highest expected interest rate to lowest expected interest rate for savings options? - Answer-
10-year CD, 5-year CD Savings account at traditional bank.
Personal saving strategy? - Answer-Save a certain percentage of each paycheck and deposit it directly
into a savings account
What best describes a checking account ? - Answer-This account pays you interest on money you have
put away for later to help your money grow.
What does "living paycheck to paycheck" mean ? - Answer-No money is saved and paychecks are just
barely covering monthly expenses
You used your debit card to purchase groceries, where does the money for this purchase come from? -
Answer-it is deducted directly from your checking account
A notification alerts you that your account balance has dropped $100 after a series of ATM withdrawals.
You have not used the ATM in over a week. What should you do? - Answer-Contact your bank
immediately to see if your account has been hacked.
What transaction will reduce your checking account balance immediately? - Answer-using your debit
card to pay for groceries.
What is an advantage to online banking ? - Answer-Using online banking, you can request transfers, pay
bills, and automate your savings without visiting the bank branch.
all of the following are true about prepaid cards EXCEPT:
