FL201 6-12-23

Banks, Credit Unions, Savings and Loans, and Payday Loans all provide the same services and are controlled by the government

Which of the following does not insure the money you deposit is safe and available at all times? (check all correct answers)

• Stock market investment accounts

• Credit Unions

• savings and loans

• banks

What facts should you compare when shopping for a loan?

• annual percentage rate (APR)

• Fees

• Truth in Lending Disclosures

• all of the above

Getting credit is not cheap. Which of the following is usually the least expensive over time?

• Rent-to-own services

• bank loans

• payday loans

• refund anticipation services

What is the main source of information credit card companies use to decide whether to issue you a credit card

• personal references

• balance computation method

• truth in lending disclosures

• credit report

What are some important factors to look for and compare when shopping for a credit card?

• APR (annual percentage rate)

• grace period

• fees

• method of calculating interest

• all of the above