chapter 8 post-test dave ramsey 100% correct solved

chapter 8 post-test dave ramsey 100% correct solved As the owner of your account, managing your money is ______ responsibility. a.Not your b.Your c.Your parent's d.The banks - Answer️️ -B It's your responsibility to know about all of the _______ before choosing a bank. a.Fees and services involved b.Employees who work there c.Branch locations d.Options for loans - Answer️️ -A With certificates of deposit (CDs), you have to pay a penalty for ____________. a.Withdrawing your money early b.Depositing money into the account c.Creating a savings account d.Using an ATM - Answer️️ -A What does it mean to be blacklisted by a bank? a.They have decided to charge you extra fees and limited the services available to you. b.The bank doesn't allow you to open an account because you handled money poorly in the past and couldn't pass their financial background check. c.They promise you a higher credit score in exchange for a 15% interest rate on your investments. d.You passed the financial literacy test and they offer to pay you for banking with them. - Answer️️ -B Credit Unions differ from retail banks in that they typically require membership based on specific criteria. true false - Answer️️ -true With online banks, all of your deposits, transfers, and bill payments happen digitally, but . . . a. Online banks should never be trusted b.These banks do not offer interest on savings accounts c.It's often more difficult to get in touch with a real person when you need assistance d.They do not provide a debit card - Answer️️ -C Balancing your checking account is a lot like working on your budget because . . . a. They both get easier and build money confidence the more you do them b. They both involve money c. They're not alike at all d. They both lose you money in the long run - Answer️️ -A If you see a charge you don't recognize, you should report it to your bank immediately. true false - Answer️️ -true Overdrafting your account is a sign of diligence and responsibility. True False - Answer️️ -false Banks invest their customers' deposited money and then . . . a. Earn interest, keeping all of it as their own profit b. Typically lose some of it in risky investment deals c. Pay their customers 100% of the earned interest d. Earn interest, paying the customer a small amount of interest on their accounts - Answer️️ -D Some of the services banks offer include . . . a. Mortgages, check writing, and debit cards b. Paying off your student loan debt and saving for you