
How Checking Works
Presentation
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Medium
+6
Standards-aligned
Diana Banzet
Used 9+ times
FREE Resource
2 Slides • 8 Questions
1
How do people pay for stuff?
2
Multiple Select
Which 3 payment methods are the most common?
Credit
Check
Other
Debit
Cash
3
Multiple Choice
What total percentage of purchases were paid for with either a credit card, debit card, or cash?
59%
93%
61%
66%
4
Open Ended
Make a prediction - how do you think popular payment methods might change over time?
5
6
Multiple Choice
How frequently does John typically receive account statements from his bank?
Daily
Weekly
Monthly
Annually
7
Multiple Choice
How much did John Jones have in his account on the first day of the statement period?
-$72.47
$0.55
$694.81
$1,442.61
8
Multiple Choice
John has two ATM transactions but only one of them has a fee (Interac). Why?
Interac is an out of network ATM and First Bank charges customers if they use out of network ATMS
First Bank charges customers for using their ATM
Banks charge fees if you take out less than $100 at an ATM machine
The first ATM transaction is free but all additional ATM transactions have a fee
9
Multiple Choice
Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his checking account statement, John was paid ________________ every __________ .
$200.00, 3 weeks
$694.81, 2 weeks
$300.00, 1 month
$100.00, 2 weeks
10
Multiple Choice
Which transaction caused John to overdraw his account?
The Online Bill Payment for $146.67
Check No. 409 for $100
Check No. 410 for $710.49
The Overdraft Fee of $35
How do people pay for stuff?
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