Choose wisely. There is only one correct answer to each question.
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1.
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.
2.
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.
3.
When you buy or lease a car, the _______ fee covers the cost of registering and getting a license plate for the new or leased car.
Documentation. When you buy or lease a car, the documentation fee covers the cost of registering and getting the license plate for the new or leased car.
4.
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.
5.
What is one way to gather more information about your banks fees?
Calling your bank and asking about the fees. One way to gather more information about your banks fees is to call and ask a customer service representative about them.