Personal Finance Review

Which fee will most likely be charged by a bank?

• Online Statement Fee

• Monthly Maintenance Fee

• In-Network ATM Fee

• Sufficient Funds Fee

Which is NOT a Mobile or email alert you get for your checking account?

• Low Balances

• Unusual Activity

• Deposits

• Credit Card Transactions

You need a checking account to open a savings account.

• True

• False

How does the 50-20-30 rule distribute your income?

• 50% expenses, 20% flexible spending, 30% saving

• 50% flexible spending, 20% saving, 30% expenses

• 50% expenses, 20% saving, 30% flexible spending

• 50% saving, 20% flexible spending, 30% expenses

How much should you save in an emergency fund?

• 1-3 months of living expenses

• 3-6 months of living expenses

• 6-9 months of living expenses

• 9-12 months of living expenses

You have $30 in your account currently. How will a bank reorder the 4 checks you wrote to charge you the most amount of fees?

• $7.50 check, $15 check, $5 check, $35 check

• $15 check, $5 check, $35 check, $7.50 check

• $35 check, $7.50 check, $5 check, $15 check

• $5 check, $7.50 check, $35 check, $15 check

Which card takes the money out of your account immediately?

• Credit

• Debit

Which financial institutions charge the most for interest by providing quick cash options?

• Credit Union

• Bank

• Savings and Loans

• Pay Day Loan Companies

What information is NOT found on a consumer credit report?

• Criminal

• Medical

• Current and Past Addresses

• Employment History

If a consumer is a victim of identity theft, what should they do?

• Do not call the police; only the credit bureaus

• Leave all fraudulent accounts open as proof for the investigation.

• Call all major credit bureaus to request a fraud alert to be put on file.

• Wait at least two weeks before taking action to be sure of the problem.