Home > Basics > Beginner
Basics Beginner: Stop Wasting Money on Fees

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.
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 you schedule your bills to be paid online and in advance, you are less likely to be hit with bounced payment and late fees.
Choose wisely. There is only one correct answer.
True. When you schedule your bills to be paid online and in advance, you are less likely to be hit with bounced payment and late fees.
3.
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.
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.
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.
Choose wisely. There is only one correct answer.
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.