Checking & Linear Equations Quiz and Flashcards

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All of these are common banking fees, EXCEPT...

Overdraft fee
ATM fee
Insufficient funds fee
Account opening fee (correct)

Which of the following is a disadvantage of using a check casher, compared to a bank?

You can cash fewer checks at a check casher than at a bank
You wait longer to get your money at a check casher than at a bank
You can only cash checks worth more than $500 at a check casher
You pay a higher fee to cash checks at a check casher than at a bank (correct)

Isabella notices her bank statement includes a $25.72 charge from Shell Gas that she does not remember making. She should do all of the following, EXCEPT...

Contact the bank immediately, so they can investigate the charge
Review her receipts and the details of the transaction, so she can confirm if the charge is real
Set up text alerts, so she will be notified of potentially fraudulent charges in the future
Wait for the bank to contact her, so she has the complete fraud report before responding (correct)

Which of these options correctly matches the fee with its average cost?

Monthly maintenance fee - $50 (B) Signup and view all the answers

Your friend Samir very excitedly tells you about opening his new checking account. "I'm so glad they only had a minimum opening amount of $50! I will leave my money in there so it can grow!" What is some advice you might give to Samir?

A checking account won't grow your money much because of low interest rates and fees (A) Signup and view all the answers

Which of these bank alerts will help protect you from overdrafting your account?

Low balance alert (A) Signup and view all the answers

Which of the following is a way you can get money out of your checking account?

Withdrawing cash using an ATM (C) Signup and view all the answers

Joakim is hesitant to set up online bill pay with his credit union account. All of these are benefits of online bill pay you could share with him EXCEPT...

Banks require that you have a large account balance in order to use bill pay (D) Signup and view all the answers

All of these are tips to be safe with online banking EXCEPT...

Make sure you carry a written password as a backup (B) Signup and view all the answers

Person-to-person payments are becoming more popular, so it's a good idea to understand how they work. Which of the following is TRUE?

Person-to-person payments are usually conducted using a smartphone app rather than a computer (C) Signup and view all the answers

Your bank statement includes all of the following information, EXCEPT...

Your credit score (B) Signup and view all the answers

Consumers utilize mobile banking mostly for which activity?

Paying bills (B) Signup and view all the answers

All of the following are benefits of having a checking account, EXCEPT...

You can earn a high interest rate on the money in your account (C) Signup and view all the answers

Liam accidentally charged more on his debit card than he had in his checking account. His balance is now -$12.75. He is charged a $10 overdraft fee each day his account balance is below $0. He makes no other withdrawals or deposits. Which equation accurately represents his balance, y, after x days?

y = -10x - 12.75 (A) Signup and view all the answers

A linear regression model is...

an equation that represents the linear relationship between two sets of data (A) Signup and view all the answers

What is the slope of the linear function shown in the table below?

14/4 (A) Signup and view all the answers

A scatter plot is...

A graph that shows the relationship between two data sets (C) Signup and view all the answers

When the sign of the slope is negative, the line travels...

down as you move from left to right (C) Signup and view all the answers

Which of the following graphs represents the equation y = -2x + 1?

Graph B (A) Signup and view all the answers

Choose the scatter plot that has a negative correlation.

Graph B (B) Signup and view all the answers

Write an equation that represents the pattern, where x represents the figure number and y represents the number of squares in the figure.

y = 4x + 4 Signup and view all the answers

How many squares will be in the 34th figure?

140 Signup and view all the answers

Graph the following equation: y = -2/3x - 5 using at least 3 points.

A graph of the equation is shown below: (0, -5) (-3, -3) (3, -7) Signup and view all the answers

Write an equation to represent Amir's checking account balance after x months since January.

y = 385 - 7x Signup and view all the answers

How much will Amir have in his account after 3 months?

364 Signup and view all the answers

How much will Amir have after 12 months?

251 Signup and view all the answers

After how many months will Amir's balance be $0?

55 Signup and view all the answers

Write an equation that represents the following situation, then graph it on the coordinate plane. You just started a new job where you are given a one-time $200 hiring bonus and will make $25 per hour. Use x to represent total hours worked and y to represent total wages.

y = 25x + 200 Signup and view all the answers

Create a scatter plot that represents the data.

A scatter plot of the data is shown below: Signup and view all the answers

Draw a line of best fit through the data.

A line of best fit that generally passes through the center of the data points. Signup and view all the answers

Based on the line of best fit that you drew, approximately how many ice cream cones will Ahmed sell when the temperature is 100 degrees?

50 Signup and view all the answers

Monthly Maintenance Fee

A fee charged when a bank account balance falls below the minimum required balance.

Overdraft Fee

A fee charged when you try to spend more money than you have in your checking account.