Banzai Post Test correctly answered 2023

Banzai Post Test correctly answered 2023A sum of money to be used for a particular purpose. - correct answer A budget is.... Like a credit card, but it takes money directly from your checking account. - correct answer A debit card is... A card that allows you to purchase now and pay later and charges interest on the unpaid balance. - correct answer A credit card is... An account where the depositor can write checks. - correct answer A checking account is... An account where money is stored and returns a low interest rate. - correct answer A savings account is... Budget it by splitting it amongst your current and future expenses. - correct answer You have $200. How do you keep track of it? Debt - correct answer What's it called when you spend more than you have? It's a safe place to store money. It lets you use a debit card. It makes it easy for you to pay others-and for others to pay you. - correct answer Why open a checking account? Add "Entertainment" to your budget and allocate some cash there each week. - correct answer You're dying to see The Flaming Eyelashes in concert this summer. What's the best way to cop a few tickets? $18.49 - correct answer You want to treat your BFF to some sushi. The total comes to $15.41. If you add on a 20 percent tip, what's lunch going to cost you? $18.49 $19.00 $17.43 $15.41-you don't leave a tip. $254.95 - correct answer Your account statement arrived. You had a balance of -$52.79. After the $307.74 deposit from Roland's Bookstore, what is your new account balance? $104.95 - correct answer Oh no! You completely forgot that you wrote a check for $150.00 on January 11th for a speeding ticket. The statement above was printed before the check cleared. How much money is really in your account? No - correct answer You see a pair of jeans at the mall for $109.92. Now with your updated statement, can you afford this purchase? $950.00 - correct answer What is the total amount of debits for the statement below? poor question A fee for overspending. - correct answer On January 8th your account was charged $30.00 for an overdraft fee. What is an overdraft fee? To pay federal and state taxes. - correct answer Why does your employer withhold money from you on each paycheck? electric and heating bills. - correct answer What's an example of a utility cost? Declined - correct answer What happens if you try to use your credit card after you've already met your credit limit? Gas, insurance, maintenance. - correct answer Which of the following are necessary costs of car ownership? Reserves - correct answer You walk outside only to find that your car has been towed because you were parked illegally. You paid the towing company with a check and took this unexpected expense from which budget? Deposit - correct answer A _________ is an amount of money placed into a savings or checking account. Overdraft - correct answer An _________ occurs when withdrawals have gone over the available amount. Cleared Check - correct answer A is a check that has been honored and processed. Withdrawal - correct answer A _________ is an amount removed from a savings or checking account. Statement - correct answer A __________ is a document published by your bank or credit union that details all transactions for the month.