Choose wisely. There is only one correct answer to each question.
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1.
If you close a savings or checking account and get charged a fee because of that, it's probably because you didn't keep it open as long as you had agreed to when you first opened it.
True. This is the most likely reason why you'd be charged a fee for closing an account.
2.
You can find out about hidden bank or credit card fees by _______.
Asking a customer service representative about them. You can find out about hidden bank or credit union fees by asking a customer service representative about them.
3.
When you buy or lease a car, the _______ fee covers the cost of registering and getting a license plate for the new or leased car.
Documentation. When you buy or lease a car, the documentation fee covers the cost of registering and getting the license plate for the new or leased car.
4.
If there are fees you cant avoid, one way to manage those fees is to _______.
Save money in a separate account to pay them. If there are fees you cant avoid, one way to manage those fees is to save money in a separate account to pay them.
5.
When evaluating a credit card offer, why should you consider how the cards interest rate is calculated?
Different methods result in different charges. Based on when you incur charges and when you pay them off, the method used to calculate interest will differ.