Choose wisely. There is only one correct answer to each question.
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1.
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.
2.
When you rent to own, you pay the same when you rent as if you had bought the item outright.
False. When you rent to own, you pay far more than if you had bought the item outright.
3.
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.
4.
What is one way to gather more information about your banks fees?
Calling your bank and asking about the fees. One way to gather more information about your banks fees is to call and ask a customer service representative about them.
5.
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.