Economics FoolProof Module 1 & 2 | 100% Correct Answers | Verified | Latest 2024 Version

T/F: Most online financial institutions & businesses will regularly send you emails asking you to update your account information by going to a link in their email. - False If you mismanage your checking account by bouncing checks repeatedly or ignoring overdraft notices, which of the following results may happen to you? - All of the above Which answer applies to "fine print"? - - Fine print is usually where virtually all the important information is located. - You should always read the fine print. - The fine print is always the print you want to ignore. - Many companies like fine print because you can be confused by it, & make the wrong decision. You owe $1,000 on a credit card & choose to pay the minimum payment each month. Which answer is correct? - - Credit card companies love you when you only make minimum payments. Why? You're throwing your money away by paying extra interest each month. - Making minimum payments means it could take thirty or forty years to pay off that $1,000 credit card bill. Having a bad credit history impacts every one of these items but one. Which is the one item not impacted by bad credit history? - The fact that I am a good person. What statement is TRUE about "phishing scams"?