Question

question 13
2 pts
you are at the checkout counter at the local supermarket and use your debit card to pay for your groceries. where does the money for this purchase come from?
it is deducted directly from your savings account
your credit card company covers the cost
it is deducted directly from your checking account
your credit card company provides you with a cash advance to cover the cost
question 14
2 pts
fdic insurance is...
insurance bank branches can buy to protect their business against fraud and scams
optional coverage consumers can purchase so that their bank deposits remain safe
protection for bank customers’ deposits up to $250,000, guaranteeing their money is still available if the bank goes out of business
required if you want to do online or mobile banking
question 15
2 pts
when trying to decide where to bank, what are some important factors to consider?
all of the above are true
types of accounts and associated fees and benefits
locations of atms (automatic teller machines)
locations of the physical bank locations

Explanation:

Question 13

A debit card transaction deducts funds directly from the checking account (not savings, credit card companies don't cover debit purchases, and debit isn't a cash advance from credit card).

FDIC insures bank customers' deposits up to $250,000 if the bank fails. It's not for fraud/scams, not optional (banks are required to have it), and not required for online/mobile banking.

When choosing a bank, factors like account types/fees, ATM locations, and physical bank locations all matter, so "All of the above" is correct.

Answer:

C. It is deducted directly from your checking account

Question 14