FIN 1103-3 FIN1103-3 Individual Week 4

FIN 1103-3 FIN1103-3 Individual Week 4


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FIN 1103-3 Individual Week 4

2. Suppose that someone stole your ATM card and withdrew $ 950 from your checking account. How much money could you lose (according to federal legislation) if you reported the stolen card to the bank:

3. You’re getting married and are unhappy with your present bank. Discuss how you should go about choosing a new bank and opening an account. Consider the factors that are important to you in selecting a bank— such as the type and ownership of new accounts and bank fees and charges.

4. Determine the annual net cost of these checking accounts:

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