Unit 2 - Checking Account Intro w/ Vocabulary

Use the bank statement below of a Checking Account to answer the questions that follow. Based on the account above, which was greater : the number of withdrawals or the number of deposits? Withdrawals Deposits The number of transactions was equal. Was more money deposited into the account or withdrawn from the account during the time period outlined above? More money was deposited More money was withdrawn They amount of money deposited was equal to the amount of money withdrawn Without having access to the account, it is difficult to determine. What type of transactions occured on April 17th? Two deposits were made. Two bills were paid. One deposit was made and one bill was paid. How many payroll deposits were made during this time period? 0 1 2 This individual was not paid. Is each ATM transaction considered a deposit or a withdrawal? Deposit Withdrawal Both withdrawals and deposits Difficult to tell. What is the individual's net pay from employment over the course of the bank statement outlined above? $2,100 $1,000 $4,200 $5,000 Based on the statement above, how often does the individual get paid from their employer? Twice a Month Every two weeks Once a month Once a week Does the individual receive money for insurance purposes or does the individual pay for insurance? The individual receives money for insurance The individual pays money for insurance There is not enough information to make the determination Based on the bank statement above, is this individual charged any fees for having the checking account? No Yes Cannot be determined. Based on what you can see, are the transactions above considered pending or posted? Pending Posted