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.
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.
2.
What is one way to avoid bounced check fees?
Choose wisely. There is only one correct answer.
Balancing your checkbook. Balancing your checkbook is one way to avoid bounced check fees.
3.
What is one of the fees that a car dealer may charge when you buy a car?
Choose wisely. There is only one correct answer.
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?
Choose wisely. There is only one correct answer.
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.
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.
Choose wisely. There is only one correct answer.
True. This is the most likely reason why you'd be charged a fee for closing an account.