Module 03 Quiz

  1. If you write a check for more dollars than you have in your account, which of the following might occur as a result? Choose all that apply.
  2. True or False: When someone pays you by check, it is safe to hand over the goods as soon as you deposit the check at your bank.
  3. When you withdraw money from an ATM, which of the following can happen? Choose all that apply.
  4. True or False: You can use the free ACH service to send money from US to Europe.
  5. Which of the following is the primary goal of a bank?
  6. Your bank charges a $30 overdraft fee.

    You have $100 in your account, and by the end of the day three withdrawal transactions post to your account, in the amount of $10, $50, and $120.

    How much in total overdraft fees will the bank charge you?