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  1. In order to open up a checking account, one must fill out a signature card with the financial institution. True Or False??

  2. An advantage of using a debit card is:
AYou can build up your credit
BYou don’t have to record a transaction fee each time you use it to know your balance
CIf you buy defective goods you can get your money back because you used your debit card
DYou have a personal PIN number for added safety if the card is stolen

  1. A type of check that you can purchase for a fee from banks or travel agencies is a ______________________.

Verified Answer :

oopsydaisy

1.) When a person first opens up a checking account at their financial institution, they will need to sign a signature card. This helps to prevent fraud in case the checks/debit card is stolen. The signature is on file at the person's financial institution. The correct answer is True. 

2.) One of the advantages of having a debit card is having a PIN number. The PIN number can prevent the unauthroized use of the card in case it is lost or stolen. A person must know the PIN to take out cash at an ATM or store.
 
3.) A traveler's check is the type of check a person can purchase from a bank or travel agency. There is a small fee involved in purchasing these type of checks. These type of checks are a preferred method when traveling across to another country. 


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