Linear Growth & Regression
Checking Accounts
Fees
Money In/Money Out
Online Banking
100
9 in the equation y=5x+9
What is the y-intercept?
100
When you put money into your account it is called a deposit. This is what it is called when you take money out of your account.
What is a withdrawal?
100
A fee that occurs when you exceed the available balance of your checking account.
What is an overdraft fee?
100
Having your paycheck deposited into your account electronically.
What is direct deposit?
100
If you are the type of person who forgets things you might want to set this up so you always pay your bills on time.
What is online bill pay?
200
The equation the represents the growth in this diagram.
What is y=3x-2
200
Easy access to your money, tracking finances, direct deposit, and keeping your money safe are all good reasons to do this.
What is open a checking account?
200
The average cost of an overdraft fee on a checking account.
What is $35
200
This method might cost you an extra fee when taking out money with your debit card if you are at a bank that isn't your branch.
What is an out of network ATM?
200
Apps like Venmo, Apple Pay, Samsung Pay, Google Pay are all useful for this.
What are person-to-person payments?
300
Alma started working a job making $16.50 an hour. She works 20 hours a week and gets payed weekly. After week 1 she had $400 in her bank account. The equation represents the balance in her bank account after x numbers of weeks.
What is y=330x+70
300
This is where you look to see all of your fees and transactions for a specific period of time
What is a bank statement?
300
If you will not have much money in your checking account you might want to select a bank that does not charge this fee
What is a monthly maintenance fee?
300
If you happen to buy something here with your debit card you might be asked if you want to withdrawal cash.
What is a supermarket?
300
When setting up person to person payments you should always make sure to do this.
What is link an outside account that is FDIC insured?
400
A model that fits a linear equation to data relating two variable. It determines the best fit and if there is a correlation.
What is a linear regression model?
400
This organization insures the money you deposit in certain bank accounts, so you will not lose your money if the bank fails.
What is the FDIC?
400
This alert would help you avoid overdrafting your account.
What is a low balance alert?
400
Writing checks, debit cards, ATMs, visiting a local branch, or transferring money all allow you to do this.
What is getting money out of your checking account?
400
This is the most common activity people use mobile banking for
What is inquiring about their balance?
500
Create a scenario with two variables that would have negative correlation.
Answers will vary
500
The interest rate in this type of account is typically lower (or nonexistent) compared to savings accounts or CD's.
What is a checking account?
500
Many people think that this will protect them from a fee, but what it actually does is allow your purchase to be approved if you have insufficient funds in your checking account and you will be charged a fee
What is overdraft protection?
500
An alternative option to deposit a check that typically has higher fees associated with it
What is check cashing?
500
Name a benefit of using online banking.
Answers will vary