Banzai Post Test Review (Banking) - Accurate Answers
To All Questions
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.
How does a debit card work? Right Ans - It lets you pay with the money in
your checking account.
What is a true thing about credit cards? Right Ans - If you don't pay your
balance 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 payed 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 - 1. You'll need to pay back a
minimum amount every month. 2. You'll likely pay more than you borrowed
due to interest. 3. Your net worth will be negatively affected.
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$. What is the principle in
this situation? Right Ans - The 500$.
To All Questions
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.
How does a debit card work? Right Ans - It lets you pay with the money in
your checking account.
What is a true thing about credit cards? Right Ans - If you don't pay your
balance 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 payed 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 - 1. You'll need to pay back a
minimum amount every month. 2. You'll likely pay more than you borrowed
due to interest. 3. Your net worth will be negatively affected.
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$. What is the principle in
this situation? Right Ans - The 500$.
