stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Management Flashcards | StudBud
Explore
/
Financial Management
Financial Management
15 terms
·
StudBud Administration
·
278 plays
Imported from external platform
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
Savings Account transactions can include yearly fees, minimum balance, & interest paid.
True
False
2
Which of the following is not an example of Money Management Services
Debit Card
Savings Account
Online Banking
Piggie Bank
3
Credit cards allow you to shop & travel without carrying large amounts of cash.
Advantage of credit cards
Disadvantage of credit cards
4
When you open up a Checking or Debit Account, you should inquire about the fees.
False
True
5
Direct Deposit of paychecks is an option most banks offer.
False
True
6
The advantages to having a credit card are
Give you no protection
Offer no bonuses or other benefits
Make it easier to make purchases.
Ruin your credit history
7
Credit cards help you meet financial emergencies
Advantage of credit cards
Disadvantage of credit cards
8
Banks can charge fees if you walk into their bank
True
False
9
Credit encourages impulse buying
False
True
10
Banks can charge for all fees listed except
Online Bill Pay
Sufficient Fund Fee
Balance Inquiry Fee
Check Card Replacement
11
Which Money Management Service is becoming obsolete.
Savings Account
Checking Account
Debit Card
Online Banking
12
The advantages of Online banking are all except
The online bank is never closed.
It is easy for errors to occur.
There is a record of your spending.
You can bank from anywhere.
13
The advantage of having a Debit Card is true of all except
You always have money on your debit card.
You don't have to carry cash.
A debit card allows you to obtain cash.
Most stores accept a debit card.
14
Credit cards can cause you serious debt
Advantage of credit cards
Disadvantage of credit cards
15
Credit spreads out the cost of expensive items over a period of time
Disadvantage
Advantage
