Question

Which transactions can increase the balance in a checking account? Check all that apply.
direct deposit of a paycheck
debit of $10
ATM withdrawal of $40
EFT from a different bank into the account
monthly bank fee of $5

Answer 1

- direct deposit of a paycheck — increases the balance
- EFT from a different bank into the account — increases the balance

The others (debit of $10, ATM withdrawal of $40, monthly bank fee of $5) reduce the balance.