Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
You can find out about hidden bank or credit card fees by _______.
Choose wisely. There is only one correct answer.
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.
2.
When shopping for a credit card, you should evaluate several cards because ________.
Choose wisely. There is only one correct answer.
Their interest rates, fees, and other features differ. The knowledgeable credit card user can score great deals this way.
3.
When you rent to own, you pay the same when you rent as if you had bought the item outright.
Choose wisely. There is only one correct answer.
False. When you rent to own, you pay far more than if you had bought the item outright.
4.
If there are fees you cant avoid, one way to manage those fees is to _______.
Choose wisely. There is only one correct answer.
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 fees at a bank or credit union, what is perhaps the most helpful question to ask yourself?
Choose wisely. There is only one correct answer.
Am I getting what I need from my bank or credit union in return for these fees? Not everyone thinks fees are too high; therefore, determine whether you are getting your money's worth.