1. What are the key factors to consider when opening a checking account? Discuss the advantages and disadvantages of individual versus joint accounts. 2. Is it possible to bounce a check because of...

1. What are the key factors to consider when opening a checking account? Discuss the advantages and disadvantages of individual versus joint accounts.

2. Is it possible to bounce a check because of insufficient funds when the checkbook ledger shows a balance available to cover it? Explain what happens when a check bounces. Can you obtain protection against overdrafts?