Exit Ticket 2.1, 2.2, and 2.3

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Sarah is comparing two banks for their services. OceanView Bank offers digital banking and loans, while GreenField Bank provides wire transfers and traveler's checks. Sarah needs to send money to her family overseas every month. Which bank should she choose?

OceanView because it offers digital banking

OceanView because it offers loans

GreenField because it offers wire transfers

GreenField because it offers traveler’s checks

Which of the following best describes the primary way that banks make a profit?

By charging customers for using ATMs that are outside of their network

By lending out deposited money at higher interest rates than they pay on deposits

Renting safe deposit boxes to clients

Charging fees for issuing certified checks and money orders

What is a key difference between online banks and traditional banks?

Traditional banks do not offer digital banking services

Traditional banks do not provide lending and credit services

Online banks usually offer higher interest rates on savings accounts

Online banks are not FDIC-insured

Which of the following is NOT typically a benefit of having a checking account?

The option to earn significant interest on your balance

The convenience of electronic bill payments

The ability to write checks for payments

The option for direct deposit of your paycheck

What is a common benefit of being a member of a credit union compared to a regular bank?

Credit unions make it harder to become a member

Credit unions usually have higher fees for their services

Credit unions often offer lower interest rates on loans

Credit unions have more complicated financial products

What is the best first step for Daisy if she notices a mistake on her bank statement?

Wait until the end of the month to see if the mistake resolves itself

Post about the issue on social media to get advice

Immediately go to the bank branch and demand a refund

Check her own records to confirm the error

Which of the following methods for depositing a check requires a debit card?

ATM

All of them require a debit card

Bank Branch

Mobile Deposit

In addition to the written dollar amount, what other security feature is commonly found on modern checks to prevent fraud?

Digital Signatures

Microprinting

A Smart Chip

QR Codes

When reconciling your checkbook, what are you primarily comparing?

Your bank statements to your credit card statements

Your checkbook register to your bank statements

Your checkbook register to your online shopping history

Your checkbook register to your memory

Which of the following is a common feature of online banking?

Receiving paper statements in the mail every month

Access to your account information and transactions via the internet

A requirement to use only cash for transactions

The ability to visit a physical bank branch anytime

Sarah is comparing two banks for their services. OceanView Bank offers digital banking and loans, while GreenField Bank provides wire transfers and traveler's checks. Sarah needs to send money to her family overseas every month. Which bank should she choose?

OceanView because it offers digital banking

OceanView because it offers loans

GreenField because it offers wire transfers

GreenField because it offers traveler’s checks

Which of the following best describes the primary way that banks make a profit?

By charging customers for using ATMs that are outside of their network

By lending out deposited money at higher interest rates than they pay on deposits

Renting safe deposit boxes to clients

Charging fees for issuing certified checks and money orders

What is a key difference between online banks and traditional banks?

Traditional banks do not offer digital banking services

Traditional banks do not provide lending and credit services

Online banks usually offer higher interest rates on savings accounts

Online banks are not FDIC-insured

Which of the following is NOT typically a benefit of having a checking account?

The option to earn significant interest on your balance

The convenience of electronic bill payments

The ability to write checks for payments

The option for direct deposit of your paycheck

What is a common benefit of being a member of a credit union compared to a regular bank?

Credit unions make it harder to become a member

Credit unions usually have higher fees for their services

Credit unions often offer lower interest rates on loans

Credit unions have more complicated financial products

What is the best first step for Daisy if she notices a mistake on her bank statement?

Wait until the end of the month to see if the mistake resolves itself

Post about the issue on social media to get advice

Immediately go to the bank branch and demand a refund

Check her own records to confirm the error

Which of the following methods for depositing a check requires a debit card?

ATM

All of them require a debit card

Bank Branch

Mobile Deposit

In addition to the written dollar amount, what other security feature is commonly found on modern checks to prevent fraud?

Digital Signatures

Microprinting

A Smart Chip

QR Codes

When reconciling your checkbook, what are you primarily comparing?

Your bank statements to your credit card statements

Your checkbook register to your bank statements

Your checkbook register to your online shopping history

Your checkbook register to your memory

Which of the following is a common feature of online banking?

Receiving paper statements in the mail every month

Access to your account information and transactions via the internet

A requirement to use only cash for transactions

The ability to visit a physical bank branch anytime