Try It

Services and Fees Review

  1. Which of the following is NOT a typical fee charged by a bank or credit union?
    1. Notary public fee
    2. Overdraft fee
    3. Minimum balance fee
    4. ATM fee

    Answer: a. Notary public fee

  2. Which of the following is NOT a service provided by banks and credit unions?
    1. Cashier's Checks
    2. Babysitting
    3. Notary Public
    4. Safe Deposit Boxes

    Answer: b. Babysitting

  3. Which of the following is NOT a way to avoid an overdraft charge?
    1. Maintain a higher balance
    2. link your checking account to a savings account
    3. visit the branch within 1 business day after the overcharge to have the fee removed.
    4. maintain an accurate balance in your checking account.

    Answer: c. visit the branch within 1 business day after the overcharge to have the fee removed.

  4. Banks are always trying to remove costs. Which of the following strategies fees are designed to encourage you save the bank money?
    1. Overdraft fee
    2. debit card fee
    3. ATM fee
    4. Paper fee

    Answer: d. Paper fee

  5. Which of the following best describes a cashier’s check?
    1. a check drawn from the customer’s funds
    2. a check that is drawn from the bank’s own funds
    3. an official of integrity appointed by state government
    4. a small box or container store inside a bank’s vault

    Answer: b. a check that is drawn from the bank’s own funds

Conclusion: You can retake this quiz as many times as needed.