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U2: Ch1 - 5 Point Practice 2025

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Last updated 11 months ago
7 questions
Note from the author:
Choose any combination of questions that adds up to 5 points. Your score will be based on whether you get the questions right/wrong. If the question says to show your work, you need to show it to get credit.

Note: If you want to do more than 5 points worth of questions to cover yourself in case you get one wrong, you can definitely do that! The max grade is still 5 points.

You MAY use:
My Notes
Your Notes
Other Formatives
A calculator

You MAY NOT use:
Google
AI
Another human
Your genius talking parrot or any other animals or otherworldly beings
Choose any combination of questions that adds up to 5 points. Your score will be based on whether you get the questions right/wrong. If the question says to show your work, you need to show it to get credit.

Note: If you want to do more than 5 points worth of questions to cover yourself in case you get one wrong, you can definitely do that! The max grade is still 5 points.

You MAY use:
My Notes
Your Notes
Other Formatives
A calculator

You MAY NOT use:
Google
AI
Another human
Your genius talking parrot or any other animals or otherworldly beings
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Question 1
1.

All of the following are benefits of checking accounts, EXCEPT...

Question 2
2.

An excerpt from Andre’s bank statement is shown below. How much did he spend on his purchase from the MTA?

Question 3
3.

Which of the following is true about check cashers?

Question 4
4.

Tori has a checking account that charges a 2% fee on your actual balance if you go below $1,000. She only has $854 in her account. How much will she be charged for a fee?

Question 5
5.

Which is the correct order of average fee amounts from least to greatest?

Question 6
6.

What percent of Andre's spending was in FEES?

Question 7
7.

What percent of Andre's income (direct deposit) did he spending on anything (including fees) this month?