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Everfi Banking Test Study Guide Questions and Correct Answers
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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...

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  • March 23, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • everfi
  • banking
  • test

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  • NU1426
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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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