Strategy Beginner: Choosing a Savings or Checking Account

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1.
It is possible to get some of your bank or credit union fees waived if _______.
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All of the above. Certain fees can be waived if you meet one of these conditions.
2.
A savings account for a working teenager can help him or her save money because it helps discourage paychecks from being spent right away.
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True. That, in turn, can put a damper on excessive spending.
3.
Checking accounts are designed for _______ money.
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Spending. As such, most of their value lies in helping you pay your expenses.
4.
When choosing a bank or credit union account, which feature is the most relevant?
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None of the above. No one feature is the most important; they vary according to the customer.
5.
An online-only financial institution does not have a physical location.
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True. This type of financial institution is found only on the Internet.