Working With Checking and Savings Accounts - The Homer Fund
Working With Checking and Savings Accounts - The Homer Fund
Working With Checking and Savings Accounts - The Homer Fund
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SELF-ASSESSMENT 2<br />
1. To open a checking or savings account, start by (check all that apply):<br />
❏ a. calling several financial institutions <strong>and</strong> learning about their account<br />
products, services, <strong>and</strong> costs.<br />
❏ b. going to the financial institution that has the most advertisements in<br />
the newspaper.<br />
❏ c. asking your store manager about special offers with local financial<br />
institutions for Home Depot employees.<br />
2. True or False. A financial institution uses your personal identification <strong>and</strong> signature<br />
card to prevent unauthorized people from gaining access to your account.<br />
❏ a. True<br />
❏ b. False<br />
3. A customer agreement is:<br />
❏ a. a contract with the financial institution.<br />
❏ b. information about the costs <strong>and</strong> features of specific accounts.<br />
4. If your application to open an account is denied, you can (check all that apply):<br />
❏ a. cry.<br />
❏ b. contact your old financial institution <strong>and</strong> settle your account.<br />
❏ c. call Consumer Credit Counseling Service at 1-866-499-8771.<br />
How did you do?: 1.a,c 2.a 3.b 4.b,c<br />
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