Everfi Banking Test Study Guide Questions and Correct Answers
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Course
NU1426
Institution
NU1426
Everfi Banking Test Study Guide Questions and Correct Answers
Which of the following is a primary responsibility of the Federal Reserve Bank?
What's the best strategy for avoiding ATM fees?
The best way to ensure the accuracy and safety of your accounts is to:
What's the purpose of balancing or...
Everfi Banking Test QUESTIONS AND ANSWERS
100% VERIFIED A+ GUARANTEED
1). Which of the following is a primary responsibility of the federal reserve bank?
Ans: Establish monetary policy
2). What's the best strategy for avoiding atm fees?
Ans: Only use ATMs in your bank's network
3). The best way to ensure the accuracy and safety of your accounts is to:
Ans: Monitor your online accounts regularly
4). What's the purpose of balancing or monitoring your checking account?
Ans: To help you calculate how much money you have in your account
5). How often should you typically monitor your checking account?
Ans: Monthly
6). Which one of the following is not one of the responsibilities of the federal reserve?
Ans: Establishing the federal budget
7). What part of the check is least important?
Ans: Memo line
8). Which type of financial institution typically has membership requirements?
Ans: Credit Union
9). Savings accounts usually offer _____ interest rates than checking accounts. it is _____ to
access your money in a savings account than in a checking account.
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