PERSONAL FINANCE PART TWO STUDY
GUIDE QUESTIONS WITH VERIFIED
ANSWERS
Which ddone ddof ddthe ddfollowing ddstatements ddis ddtrue? dd- ddAnswer ddd. ddall ddof ddthe
ddabove dd
(A. ddyou ddcan ddoverdraw ddyour ddaccount ddwith ddyour ddATM ddcard.
B. ddATM ddcards ddcan ddbe ddused ddin ddall ddstores ddto ddbuy ddthings.
C. ddIt dddoesn't ddmatter ddwhat ddmachine ddyou dduse ddwhen ddyou ddwant ddto dddraw
ddmoney ddout ddusing ddyour ddATM ddcard.)
If ddyou dddeposit dda ddcheck ddinto ddyour ddaccount ddand ddthe ddteller ddtells ddyou ddit ddis
ddon ddhold ddfor ddfive dddays, ddcan ddyou ddstill ddspend ddthe ddmoney ddtoday ddor
ddtomorrow? dd- ddAnswer ddB. ddNO
If ddyou dduse ddmobile ddpayment ddand ddlose ddyour ddphone, ddyou ddshould ddnot: dd-
ddAnswer ddB. ddGet dda ddnew ddphone ddand ddkeep ddusing ddthe ddsame ddapp.
Which ddof ddthe ddfollowing ddstatements ddare ddFalse? dd- ddAnswer ddA. ddA dddebit ddcard
ddnever ddhas dda ddMasterCard ddor ddVisa ddlogo ddon ddit.
You ddare ddjust ddstarting ddout ddbuilding ddyour ddcredit. ddwhat ddis ddthe ddeasiest ddway
ddto ddruin ddyour ddcredit ddwith ddyour ddchecking ddaccount? dd- ddAnswer ddC. ddyou
ddoverdraw ddyour ddaccount ddmany ddtimes ddand ddthe ddbank ddcloses ddyour ddaccount.
Is ddit ddOK ddto dduse dd"whiteout" ddon dda ddcheck? dd- ddAnswer ddFalse/ ddNo
Some ddfinancial ddinstitutions ddlike ddto ddcharge ddyou ddfor ddcheck dd, ddcheck
ddregistries, ddATM ddfees ddand ddchange ddsorting ddfees. dd- ddAnswer ddTrue/ ddyes
Which ddof ddthe ddfollowing ddstatements ddabout ddan ddATM ddcard ddis ddfalse? dd-
ddAnswer ddAn ddATM ddwill ddalways ddgive ddyou ddmoney ddno ddmatter ddhow ddmuch
ddmoney ddyou ddhave ddin ddyour ddbanking ddaccount.
Why ddwould dda ddsmart ddperson ddkeep ddat ddleast dd$100 ddbalance ddin ddtheir
ddchecking ddaccounts ddat ddall ddtimes? ddWhich ddanswer ddis ddthe ddMOST ddcorrect? dd-
ddAnswer ddYou ddnever ddknow ddwhen ddunexpected ddfees ddor ddexpenses ddwill ddhit
, ddyour ddchecking ddaccount. ddAnd ddyou ddcan ddat ddtimes ddforget ddto ddwrite dddown dda
ddpayment ddyou ddmake ddwith ddyour ddchecking ddaccount ddor dddebit/ ddATM ddcard.
ddso, ddyou're ddless ddlikely ddto ddoverdraw ddyour ddaccount ddif ddyou ddkeep dd$100 ddin
ddthere ddat ddall ddtimes.
What ddis ddit ddcalled ddwhen ddyou ddwrite dda ddcheck ddfor ddmore ddmoney ddthan ddyou
ddhave ddin ddyour ddaccount? dd- ddAnswer ddA. ddOverdraw
When ddyou ddpay ddwith dda dddebit ddor ddATM ddcard, ddyou ddare ddnot ddborrowing
ddmoney. ddYou ddare ddspending ddyour ddown ddmoney. ddWhen ddyou ddpay ddwith dda
ddcredit ddcard, ddyou ddare ddalways ddborrowing ddmoney dd- ddAnswer ddTrue/ ddYes
Why ddis ddit ddstupid ddto ddtrust ddan ddATM ddmachine ddto ddtell ddyou ddyour ddcorrect
ddbalance? dd- ddAnswer ddThe ddbalance ddon ddthe ddmachine ddmay ddnot ddinclude
ddpayments ddyou ddhave ddmade ddby ddcheck ddor ddonline ddthat ddneed ddto ddbe
dddeducted ddfrom ddyour ddbalance.
Online ddbill ddpay ddis ddmuch ddeasier ddand ddcheaper ddthan ddwriting ddchecks ddto ddpay
ddyour ddbills. dd- ddAnswer ddTrue/ ddyes
The ddbest ddway ddto ddget ddan ddaccurate ddchecking ddaccount ddbalance ddis ddto ddcall
ddyour ddbank ddor ddcredit ddunion dddirectly dd- ddAnswer ddTrue/yes
what ddshould ddyou dddo ddwhen ddyou ddopen dda ddchecking ddaccount? dd- ddAnswer ddD.
ddboth dda ddand ddc
(A. ddopen dda ddsavings ddaccount ddand ddlink ddit ddto ddyour ddbanking ddaccount.
C. ddTry ddto ddsign ddup ddfor ddtrue ddoverdraft ddprotection ddeven ddthough ddyou ddhave
ddto ddpay ddfor ddit)
when ddyou ddfill ddout dda ddcheck ddfor dda ddcertain ddamount ddof ddmoney ddand ddthen
ddsign ddthe ddcheck, ddyou ddare ddsaying ddyou ddmight ddhave ddthat ddmoney ddin ddyour
ddaccount? dd- ddAnswer ddTrue, ddyes
You dddont ddkeep dda dd$100 ddbalance ddin ddyour ddchecking ddaccount ddand ddyou
ddoverdraw ddyour ddaccount dda ddfew ddtimes. ddWhich ddof ddthese ddis ddthe ddmost ddlikely
ddresult? dd- ddAnswer ddD. ddYour ddfinancial ddinstitution ddwill ddcharge ddyou ddan
dd"overdraft ddfee" ddevery ddtime ddyou ddoverdraw ddyour ddaccount, ddand ddmay ddtell
ddthe ddcredit ddbureaus ddyou ddhave ddoverdrawn ddyou ddaccount. ddThe ddcredit
ddbureaus ddmight ddthen ddlower ddyour ddcredit ddrating. ddIf ddthe ddcredit ddbureaus ddlower
ddyour ddcredit ddrating, ddyou ddget ddcharged ddmore ddon ddinterest ddfor ddloans ddand
ddcredit ddcards, ddand ddyou ddpay ddbigger dddeposits ddfor ddutilities.
You ddhave dd$200 ddin ddyour ddaccount. ddYou ddare ddvery ddreposible. ddwhat ddis ddthe
ddmaximum ddamount ddof ddmoney ddyou ddshould ddspend? dd- ddAnswer ddD. dd100
GUIDE QUESTIONS WITH VERIFIED
ANSWERS
Which ddone ddof ddthe ddfollowing ddstatements ddis ddtrue? dd- ddAnswer ddd. ddall ddof ddthe
ddabove dd
(A. ddyou ddcan ddoverdraw ddyour ddaccount ddwith ddyour ddATM ddcard.
B. ddATM ddcards ddcan ddbe ddused ddin ddall ddstores ddto ddbuy ddthings.
C. ddIt dddoesn't ddmatter ddwhat ddmachine ddyou dduse ddwhen ddyou ddwant ddto dddraw
ddmoney ddout ddusing ddyour ddATM ddcard.)
If ddyou dddeposit dda ddcheck ddinto ddyour ddaccount ddand ddthe ddteller ddtells ddyou ddit ddis
ddon ddhold ddfor ddfive dddays, ddcan ddyou ddstill ddspend ddthe ddmoney ddtoday ddor
ddtomorrow? dd- ddAnswer ddB. ddNO
If ddyou dduse ddmobile ddpayment ddand ddlose ddyour ddphone, ddyou ddshould ddnot: dd-
ddAnswer ddB. ddGet dda ddnew ddphone ddand ddkeep ddusing ddthe ddsame ddapp.
Which ddof ddthe ddfollowing ddstatements ddare ddFalse? dd- ddAnswer ddA. ddA dddebit ddcard
ddnever ddhas dda ddMasterCard ddor ddVisa ddlogo ddon ddit.
You ddare ddjust ddstarting ddout ddbuilding ddyour ddcredit. ddwhat ddis ddthe ddeasiest ddway
ddto ddruin ddyour ddcredit ddwith ddyour ddchecking ddaccount? dd- ddAnswer ddC. ddyou
ddoverdraw ddyour ddaccount ddmany ddtimes ddand ddthe ddbank ddcloses ddyour ddaccount.
Is ddit ddOK ddto dduse dd"whiteout" ddon dda ddcheck? dd- ddAnswer ddFalse/ ddNo
Some ddfinancial ddinstitutions ddlike ddto ddcharge ddyou ddfor ddcheck dd, ddcheck
ddregistries, ddATM ddfees ddand ddchange ddsorting ddfees. dd- ddAnswer ddTrue/ ddyes
Which ddof ddthe ddfollowing ddstatements ddabout ddan ddATM ddcard ddis ddfalse? dd-
ddAnswer ddAn ddATM ddwill ddalways ddgive ddyou ddmoney ddno ddmatter ddhow ddmuch
ddmoney ddyou ddhave ddin ddyour ddbanking ddaccount.
Why ddwould dda ddsmart ddperson ddkeep ddat ddleast dd$100 ddbalance ddin ddtheir
ddchecking ddaccounts ddat ddall ddtimes? ddWhich ddanswer ddis ddthe ddMOST ddcorrect? dd-
ddAnswer ddYou ddnever ddknow ddwhen ddunexpected ddfees ddor ddexpenses ddwill ddhit
, ddyour ddchecking ddaccount. ddAnd ddyou ddcan ddat ddtimes ddforget ddto ddwrite dddown dda
ddpayment ddyou ddmake ddwith ddyour ddchecking ddaccount ddor dddebit/ ddATM ddcard.
ddso, ddyou're ddless ddlikely ddto ddoverdraw ddyour ddaccount ddif ddyou ddkeep dd$100 ddin
ddthere ddat ddall ddtimes.
What ddis ddit ddcalled ddwhen ddyou ddwrite dda ddcheck ddfor ddmore ddmoney ddthan ddyou
ddhave ddin ddyour ddaccount? dd- ddAnswer ddA. ddOverdraw
When ddyou ddpay ddwith dda dddebit ddor ddATM ddcard, ddyou ddare ddnot ddborrowing
ddmoney. ddYou ddare ddspending ddyour ddown ddmoney. ddWhen ddyou ddpay ddwith dda
ddcredit ddcard, ddyou ddare ddalways ddborrowing ddmoney dd- ddAnswer ddTrue/ ddYes
Why ddis ddit ddstupid ddto ddtrust ddan ddATM ddmachine ddto ddtell ddyou ddyour ddcorrect
ddbalance? dd- ddAnswer ddThe ddbalance ddon ddthe ddmachine ddmay ddnot ddinclude
ddpayments ddyou ddhave ddmade ddby ddcheck ddor ddonline ddthat ddneed ddto ddbe
dddeducted ddfrom ddyour ddbalance.
Online ddbill ddpay ddis ddmuch ddeasier ddand ddcheaper ddthan ddwriting ddchecks ddto ddpay
ddyour ddbills. dd- ddAnswer ddTrue/ ddyes
The ddbest ddway ddto ddget ddan ddaccurate ddchecking ddaccount ddbalance ddis ddto ddcall
ddyour ddbank ddor ddcredit ddunion dddirectly dd- ddAnswer ddTrue/yes
what ddshould ddyou dddo ddwhen ddyou ddopen dda ddchecking ddaccount? dd- ddAnswer ddD.
ddboth dda ddand ddc
(A. ddopen dda ddsavings ddaccount ddand ddlink ddit ddto ddyour ddbanking ddaccount.
C. ddTry ddto ddsign ddup ddfor ddtrue ddoverdraft ddprotection ddeven ddthough ddyou ddhave
ddto ddpay ddfor ddit)
when ddyou ddfill ddout dda ddcheck ddfor dda ddcertain ddamount ddof ddmoney ddand ddthen
ddsign ddthe ddcheck, ddyou ddare ddsaying ddyou ddmight ddhave ddthat ddmoney ddin ddyour
ddaccount? dd- ddAnswer ddTrue, ddyes
You dddont ddkeep dda dd$100 ddbalance ddin ddyour ddchecking ddaccount ddand ddyou
ddoverdraw ddyour ddaccount dda ddfew ddtimes. ddWhich ddof ddthese ddis ddthe ddmost ddlikely
ddresult? dd- ddAnswer ddD. ddYour ddfinancial ddinstitution ddwill ddcharge ddyou ddan
dd"overdraft ddfee" ddevery ddtime ddyou ddoverdraw ddyour ddaccount, ddand ddmay ddtell
ddthe ddcredit ddbureaus ddyou ddhave ddoverdrawn ddyou ddaccount. ddThe ddcredit
ddbureaus ddmight ddthen ddlower ddyour ddcredit ddrating. ddIf ddthe ddcredit ddbureaus ddlower
ddyour ddcredit ddrating, ddyou ddget ddcharged ddmore ddon ddinterest ddfor ddloans ddand
ddcredit ddcards, ddand ddyou ddpay ddbigger dddeposits ddfor ddutilities.
You ddhave dd$200 ddin ddyour ddaccount. ddYou ddare ddvery ddreposible. ddwhat ddis ddthe
ddmaximum ddamount ddof ddmoney ddyou ddshould ddspend? dd- ddAnswer ddD. dd100
