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Copy of PF Unit 2 Lesson 1 - Checking Account Statement (5/21/2025)

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11 questions
Required
1
Question 11
11.

Why is it important to review your checking account statement? What fees might this help you avoid? Explain your answer.

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Question 1
1.

How frequently does John typically receive account statements from his bank?

Question 2
2.

How much did John Jones have in his account on the first day of the statement period?

Question 3
3.

John has two ATM transactions but only one of them has a fee (Interac). Why?

Question 4
4.
Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his checking account statement, John was paid _______ every _______ weeks.
Question 5
5.

What is the impact of the Online Funds Transfer - From Savings that appears on John's statement?

Question 6
6.

Which statement is true regarding Check No. - 409?

Question 7
7.

Which transaction caused John to overdraw his account?

Question 8
8.

What was the result of John overdrawing his checking account?

Question 9
9.

Which fees was John charged on his checking account during this statement period?

Question 10
10.

What is the mathematical formula that you would use to describe the financial activity on a bank statement?