Choose wisely. There is only one correct answer to each question.
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1.
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.
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 evaluating fees at a bank or credit union, what is perhaps the most helpful question to ask yourself?
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.
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 comparing credit cards that charge annual fees against cards that do not, the annual fee cards are a bad deal.
False. Though some may be a bad deal for you, others may offer features that are advantageous to you.