8/9/18 homework

Dear Students,

Answer the questions and hand it in tomorrow. 

Level 1: Please answer questions 1-3
Level 2: Please answer questions 1-5
Level 3: Please answer questions 1-7

**All homework must be signed by a parent.**

Directions: Circle the correct answer in each of the question boxes.

	Checking Account	Savings Account
Withdrawal Restrictions #1	Is there a limit with the amount of times you can withdrawal from a checking account? Yes/No	Is there a limit with the amount of times you can withdrawal from a savings account? Yes/No
Minimum Balance #2	Does a checking account require you to have a minimum balance? Yes No Sometimes, varies by bank	Does a savings account require you to have a minimum balance? Yes No Sometimes, varies by bank
Designed For #3	Is a checking account designed for everyday usage? Yes/No	Is a savings account designed for everyday usage? Yes/No
Fees #4	Are there fees associated with a checking account? Yes No Sometimes, varies by bank	Are there fees associated with a savings account? Yes No Sometimes, varies by bank
Interest Earned #5	Can your money earn interest in a checking account? Yes/No	Can your money earn interest in a savings account? Yes/No
Access #6	Do you have unlimited access to withdrawal and deposit money from your checking account? Yes/No	Do you have unlimited access to withdrawal and deposit money from your savings account? Yes/No
Other Features #7	Do you have the ability to use your checking account to pay bills? Yes/No	Do you have the ability to use your savings account to pay bills? Yes/No