Select the TRUE statements.
a. NSF stands for "non-sufficient funds." Over 75 percent of...
Select the TRUE statements.
a. NSF stands for "non-sufficient funds." Over 75 percent of the country's money in circulation is in checking accounts.
b. In some cases banks have charged anywhere from $18 to $250 for an overdraft.
c. Some banks offer interest on the money that is in the checking account.
d. The payee is your personal autograph attesting to the validity of the checking account.
e. When you talk with a customer service representative, you can tell them of your particular needs in opening a checking account.
f. One of the steps towards what many people call a "cashless society" was when the postal currency was introduced.
Answers: 3
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