Question

1. savings accounts are not meant to serve everyday banking needs, so withdrawals often come with a stiff service ______.

a. check
b. record
c. agreement
d. fee

1. when julio opened his bank accounts, he requested a ______. this type of card allows julio to withdraw funds he already has from a checking or savings account.

a. checking
b. savings
c. credit card
d. debit card

Explanation:

Question 6

We need to find the word that fits in the blank. The sentence is about savings accounts and withdrawals having a stiff service something. "Fee" makes sense here as banks often charge a service fee for withdrawals from savings accounts if they are used for everyday banking. "Check" (a. check) is a form of payment, "record" (b. record) is a document of transactions, "agreement" (c. agreement) is a contract, none fit as well as "fee".

We need to identify the card that allows withdrawing funds already in the account. A debit card (d. Debit card) is linked to checking or savings accounts and uses the available funds. A checking (a. Checking) and savings (b. Savings) are account types, not cards. A credit card (c. Credit card) uses borrowed money, not the funds already in the account.

Answer:

d. fee

Question 7