Financial Management

2 types of bank accounts are:

• Direct Deposit & Loan

• Checking & Direct Deposit

• Checking & Savings

• Credit & Debit

To establish good credit, you should:

• Pay your rent a few days late

• Have lots of credit cards

• Take out loans

• Pay all of your bills on time

A smart shopper:

• Compares prices before buying

• Charges lots of things on a credit card

• Only uses an ATM card

• Throws away receipts immediately

Online Banking can NOT be used to:

• Transfer money between accounts

• Order Bank statements

• Set up direct bill payments or debits

• Withdraw Cash

A limitation of online banking is:

• The data is not safe from hackers

• You have to log in regularly or your account could be closed

• You have to have an internet connection

• All of the above

You should log off when you're finished accessing your bank online.

• True

• False

Setting up direct deposit can give you faster access to your money

• True

• False

A debit card is the same thing as a credit card

• True

• False

Your credit score is a number that banks and credit card companies use to find out how likely you are to pay back money on time.

• True

• False

You can usually cash your check at your own bank without paying an extra fee

• True

• False