Government > STUDY GUIDE > Westland Hialeah Senior High School GOV 1.05 Banking simulation. (All)

Westland Hialeah Senior High School GOV 1.05 Banking simulation.

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Alejandro Bravo 3/5/2021 Period 6 Banking simulation 1. You’ll be brought to a page of all transactions that occurred in your checking account from Jan 1 to Jan 17. 1. What is your current bal... ance in the Checking Account? – $290.29 2. Is it more or less than you started the month with? - More, I started with $250.00 b. To get in the full swing of things with online banking, you set up direct deposit with your job at Burger Bucket. You want to verify that it’s working correctly and you know that you’re supposed to be paid twice a month. 1. How can you tell that your direct deposit works correctly? – I got paid twice a month 2. What days did you receive your pay? – Jan 1st and Jan 15th 3. How large was each deposit? - $75 c. What fee(s) have you incurred on your account so far? How could you prevent them from happening in the future? - Movie card, Cool snacks, Movie Card, and Clothing rack d. You want to make sure your account reflects the spending you’ve actually done, so you pull receipts out of your clothes pockets from the last two weeks and find two for Cool Snacks, one for Club Cafe, one from a sale at Clothing Rack, and an ATM slip for a withdrawal of $30. 1. Are there any items reflected on your Account Activity that you can’t account for? What are they? – No, everything is in check 2. What are 2 possible explanations that might explain for the extra entry? – everything is good e. For what date did you set your first bill pay to GetFlix? – February 1 [Show More]

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