Choose wisely. There is only one correct answer to each question.
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1.
When shopping for a credit card, you should evaluate several cards because ________.
Their interest rates, fees, and other features differ. The knowledgeable credit card user can score great deals this way.
2.
Small fees from your bank, credit union, credit card companies and others can add up to hundreds of dollars a year in wasteful costs.
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.
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.
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.
5.
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.