Question

Now that you know about the different types of bank accounts, relate this information to your chosen career path. Write a paragraph explaining the type(s) of bank accounts that you would need in order to save enough money for college or training for your career. Your answer should address the following questions:
Do you already have a bank account? If so, which type(s), and how do you use them? If not, then how could you go about opening a bank account of your own?
After learning about the different types of bank accounts, which one do you think offers the best options for saving money for college, daily living expenses, and an emergency fund?
Define a bounced check, or a check returned for insufficient funds. Explain a circumstance in which someone might bounce a check (give an example), and create and discuss a plan so that this does not happen to you.

Answer 1

Answer:

I pay for my costs utilizing either my charge card or money that I pull out from the ATM. It is extremely uncommon that I compose a check to pay for my buys. In the event that there is a crisis circumstance, I pull out cash from one of my testaments of store. I need to be a physicist, and I intend to acquire an advanced education in physical science from Harvard University. I need more cash set aside to pay for my educational cost, despite the fact that I have two testaments of store records and one bank account. This implies that I will most likely need to take an understudy loan from my bank. Nonetheless, I do have adequate cash in my financial records to pay for my day by day expenses. A bobbed check is a watch that an individual has composed yet can't pay for because of lacking assets. For instance, an individual may send a check for a charge card bill however the individual's ledger might not have adequate equilibrium to pay this sum. To keep away from check skipping, I'll generally attempt to recall a harsh figure of the cash in my record. Moreover, at every possible opportunity, I will take care of my bill either in real money or by check card.

Explanation:

I put the exact answer from PLATO in my own words so it isn't considered plagerism.

Answer 2

Answer:

I pay for my expenses using either my debit card or cash that I withdraw from the ATM. It is very rare that I write a check to pay for my purchases. If there is an emergency situation, I withdraw money from one of my certificates of deposit.

I want to be a physicist, and I plan to earn a graduate degree in physics from Harvard University. I don’t have enough money saved up to pay for my tuition, even though I have two certificates of deposit accounts and one savings account. This means that I will probably have to take a student loan from my bank. However, I do have sufficient money in my checking account to pay for my daily expenses.

A bounced check is a check that a person has written but cannot pay for due to insufficient funds. For example, a person might send a check for a credit card bill but the person’s bank account may not have sufficient balance to pay this amount. To avoid check bouncing, I’ll always try and remember a rough figure of the money in my account. Additionally, wherever possible, I will pay my bill either in cash or by debit card.

Explanation:

PLATO sample answer