MMGT Review 2

Banks usually charge fees for processingoverdrafts.

When you move out of a rented unit, you will beexpected to leave it as you found it.

Credit bureaus gather,store, and sell credit information to business subscribers.

When making an online transaction, always lookfor your browser’s symbol before entering info

A regular savings accountpays much more interest than a certificate of deposit.

In the 1990s, overuse ofcredit cards resulted in record numbers of people declaring bankruptcy.

Credit unions are for-profit organizations. 

All investment alternativeshave advantages and disadvantages.

Garnishment is a legal process that allows partof your paycheck to be withheld.  

Penny stocks are low-priced stocks of companieswith excellent track records. 

It is a good idea to use apencil when writing checks so you can erase any mistakes.

A standardworkweek is 40 hours in a five-day period of 8 hours each day. 

When you sign a lease, you are expected toremain for the entire term of the lease. 

Early withdrawal penaltiesare charged against certificates of deposit 

Money in a joint account is available to onlythe first person named on the account. 

All credit cards have thesame conditions and terms, so any card will fit your circumstances.

Furnished apartmentsusually come with televisions, audio equipment, and linens provided.

A standardworkweek is 40 hours in a five-day period of 8 hours each day. 

Federal tax is an optional deduction from yourpaycheck. 

Large retail stores do not allow customers to use bank credit cards as well as storecredit

gross pay is figured out by multiplying your hourly rate by the number of regular hours worked.

Beginning investments should include a strategyfor diversification.

Credit unions charge higher rates of interest onloans than do banks or finance companies.