ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Writing three checks a month
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Teller
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ATM
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Writing as many checks as you want each month
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Detailed explanation-1: -Step 1: Insert ATM Card: Step 2: Select Language. Step 3: Enter 4-Digit ATM Pin: Step 4: Select the type of Transaction: Step 5: Select the Type of Account: Step 6: Enter the withdrawal amount. Step 7: Collect the Cash: Step 8: Take a printed receipt, if needed: More items •23-Jun-2022
Detailed explanation-2: -Typically, yes-your money is yours. But a savings account is designed to discourage frequent transactional use and may carry monthly withdrawal limits. Exceeding these limits can incur fees, have your account re-classified or have it closed altogether.
Detailed explanation-3: -Getting Cash is Simple Regardless of the reason, it’s your money and you can easily access it through several different methods, such as using an ATM, cashing a check, making an in-person withdrawal at the teller window, or using a debit card.
Detailed explanation-4: -The primary difference between a money market account and a savings account is how you can access your money. With a money market account, you’ll typically get a checkbook and/or debit card. You can write checks against the account’s balance or use the debit card to make purchases and withdraw money from ATMs.
Detailed explanation-5: -Making an ATM withdrawal couldn’t be easier. Just insert your physical card or scan your virtual one over the reader, select the language option, and enter your 4-digit PIN number. Once the PIN is approved, select ‘withdrawal’ for transaction type, and enter the amount you want to withdraw.