Test your knowledge

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

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1.
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.
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 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.
4.
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.
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.