Fin Mgmt U5 L2

Front

What is the only payment method that does not charge interest or fees? Options: Currency, check, debit card, credit card

Back

Currency

Front

What is the only payment method that lets you buy now and pay later in installments?

Back

credit card(big no no)

Front

Which method of bill payment is programmed to pay the same amount to your lender each month on the same date? Options: credit card, debit card, Checks, Automatic draft

Back

Automatic draft

Front

What method of payment would you choose to use if your telephone bill is due today?

Back

cash(in person)

Front

Suppose you want to set up recurring payments for your car payment that is due on the 20th of each month, which is the best method of payment? Options: checks(Mrs. Inman), cash(in person)

Back

automatic draft(Mrs. Robinson)

Front

The power company will accept a minimum payment less than the full balance.

Back

False

Front

The three main forms of cash are currency, checks, and ________________.

Back

debit cards

Front

What is the payment method that can be used to rent cars or reserve hotel rooms?

Back

credit card

Front

What is the only payment method that does not charge interest or fees?

Back

currency

Front

What should I do with every pay check that I receive?

Back

Always save some!