Succeeding in the World of Work

Section 2: Checking Accounts and Other Banking Services

Answers to Section Review

1. A regular account will be better than a NOW account if a person can't keep a minimum balance.
2. Writing the amount both ways allows your bank to be sure of the amount.
3. Reconciling your checking account prevents you from overdrawing your account.
4. Banking can be conducted in person at a bank location, via ATM machines, or online. Not all banking functions exist within each option. However, banking functions may be used interchangeably for maximum convenience.