checking-account.pdf

Checking Account

A. Reading

Rosa is engaged to her boyfriend Kyle. They plan to

get married in May, and they are each saving $350 a

month for the wedding and the honeymoon. Kyle

wants to open a joint checking account in both of

their names, but Rosa said no. She likes having her

own bank accounts. She has a savings account and a

checking account, and she doesnÓt want another

account. Kyle is frugal with his money, and if she

opens a bank account with him, he might ask her to

explain why she withdrew money from the account.

He might even ask her why she didnÓt deposit

enough money into their account. Kyle thinks that

Rosa doesnÓt trust him. He said they canÓt get married if she doesnÓt trust him. What

should Rosa do? Should she open a joint checking account with Kyle?

B. True or False

1. ________ Kyle is RosaÓs fianc.

2. ________ Rosa has a checking account and a savings account.

3. ________ Rosa has an ATM card.

4. ________ Frugal means thrifty.

5. ________ When you withdraw money from a bank account the balance goes up.

C. Writing Î Should Rosa open a joint account with Kyle? Why or why not?

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