Personal Finance Semester Review

You can access the money in your checking account by...

Overdraft protection...

Which of the following is NOT a common way most people are using P2P?
To pay rent, To pay off their credit cards, To pay back friends, To buy gifts

Why is understanding a bank's fees particularly important for students or young adults?

Which of the following fee(s) may banks charge you? Online Statement Fee, Monthly Maintenance Fee, In-Network ATM Fee, Sufficient Funds Fee

What is the benefit of direct deposit?

How is wealth defined?

Which is NOT a typical goal for a savings account? Options: To create an emergency fund, To pay for higher education, To save for a new car, To buy groceries for this week

What is a general rule of thumb on how much you should save? Options: 5% of your income, 10% of your income, 20% of your income, 30% of your income

About how much should you save in an emergency fund? Options: 1-3 months of living expenses, 3-6 months of living expenses, 6-9 months of living expenses, 9-12 months of living expenses