After each of the following statements, circle T for a true statement or F for a false statement.

1. Financial institutions usually do not charge a fee for checking
account services.

2. Most financial institutions offer online and telephone banking services.
3. Electronic funds transfer (EFT) often involves the use of ATM machines.
4. It is important to reconcile your checkbook immediately when you
receive the bank statement.

5. When a check you have issued has been lost or stolen, you should
request a stop payment order.

6. To open an account, either checking or savings, you first must fill
out and sign a signature form.

7. When a minimum balance is not maintained in a checking account,
the bank will usually waive a service charge.
8. A debit card is the same as a credit card.

9. A money market account is an interest-bearing checking account that
pays a higher rate of interest.

10. With online banking, you can make deposits and withdrawals.