Banzai Pretest - Questions And Step-by-Step Answers
How does a debit card work? Right Ans - It lets you pay with the money in
your checking account.
What is the best way to create a budget? Right Ans - Divide your income
into categories and plan how much you'll spend on each.
Which of the following is true about credit cards? Right Ans - If you don't
pay your balance off in full each month, you'll accrue interest.
Someone broke into your apartment and stole all of your stuff. Luckily, you
have renter's insurance. How do you request that your insurance pay for the
lost items? Right Ans - File a claim.
What is the name of the document that comes with your paycheck and shows
you what you were paid and how much was taken for taxes? Right Ans -
Paystub.
When moving to a new rental, you'll likely need to pay a security deposit. How
much is this often? Right Ans - First and last month's rent.
You got $200 from your grandma for your birthday. What should you do first?
Right Ans - Record it as income in your budget.
What is the name of the document that tells you what you need to pay on your
credit card? Right Ans - Statement
What happens if you go into debt? Right Ans - All of the above.
You charged $500 to your credit card to buy a new TV and paid it off after 6
months. With interest, you paid back a total of $600. Which of the following is
the principal in this situation? Right Ans - $500.
If you decide to rent a place to live, you'll need to sign a . Right Ans - Lease.
If you pay off only the amount owed on your credit card each month, but don't
pay it off completely, what's that called? Right Ans - Making your minimum
payment.
How does a debit card work? Right Ans - It lets you pay with the money in
your checking account.
What is the best way to create a budget? Right Ans - Divide your income
into categories and plan how much you'll spend on each.
Which of the following is true about credit cards? Right Ans - If you don't
pay your balance off in full each month, you'll accrue interest.
Someone broke into your apartment and stole all of your stuff. Luckily, you
have renter's insurance. How do you request that your insurance pay for the
lost items? Right Ans - File a claim.
What is the name of the document that comes with your paycheck and shows
you what you were paid and how much was taken for taxes? Right Ans -
Paystub.
When moving to a new rental, you'll likely need to pay a security deposit. How
much is this often? Right Ans - First and last month's rent.
You got $200 from your grandma for your birthday. What should you do first?
Right Ans - Record it as income in your budget.
What is the name of the document that tells you what you need to pay on your
credit card? Right Ans - Statement
What happens if you go into debt? Right Ans - All of the above.
You charged $500 to your credit card to buy a new TV and paid it off after 6
months. With interest, you paid back a total of $600. Which of the following is
the principal in this situation? Right Ans - $500.
If you decide to rent a place to live, you'll need to sign a . Right Ans - Lease.
If you pay off only the amount owed on your credit card each month, but don't
pay it off completely, what's that called? Right Ans - Making your minimum
payment.
