Test your knowledge

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

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1.
It is possible to get some of your bank or credit union fees waived if _______.
Choose wisely. There is only one correct answer.
All of the above. Certain fees can be waived if you meet one of these conditions.
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.
Small fees from your bank, credit union, credit card companies and others can add up to hundreds of dollars a year in wasteful costs.
Choose wisely. There is only one correct answer.
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.
5.
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.