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.
Small fees from your bank, credit union, credit card companies and others can add up to hundreds of dollars a year in wasteful costs.
True. Small fees from your bank, credit union, credit card companies and others can add up to hundreds of dollars a year in wasteful costs.
3.
What is one of the fees that a car dealer may charge when you buy a car?
A vehicle preparation fee. A car dealer may charge a vehicle preparation fee when you buy a car.
4.
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.
5.
When you schedule your bills to be paid online and in advance, you are less likely to be hit with bounced payment and late fees.
True. When you schedule your bills to be paid online and in advance, you are less likely to be hit with bounced payment and late fees.