SAFE MONEY
T/F: CREDIT UNIONS DIFFER FROM RETAIL BANKS IN THAT THEY TYPOCALLY REQUIRE MEMBERSHIP BASED ON SPECIFIC CRITERIA
TRUE
T/F: IF YOU SEE A CHARGE YOU DON'T RECOGNIZE, YOU SHOULD REPORT IT TO YOUR BANK IMMEDIATELY
TRUE
T/F: HAVING A BANK ACCOUNT IS A MUST FOR EVERY PERSON
FALSE
T/F: OVERDRAFTING YOUR ACCOUNT IS A SIGN OF DILIGENCE AND RESPONSIBILITY
FALSE
THE FDIC & NCUA KEEP YOUR MONEY IN THE BANK INSURED UP TO THIS AMOUNT
250,000
T/F: YOUR EMEERGENCY FUND SHOULD GO INTO YOUR CHECKING ACCOUNT, NOT A MONEY MARKET ACCOUNT
FALSE
T/F: PEOPLE WHO ARE STRUGGLING WITH MONEY OFTEN TURN TO ALTERNATIVE FINANCIAL SERVICES LIKE PAYDAY LOANS, BUT THESE SERVICES END UP CAUSING THEM TO LOSE MONEY
TRUE
A BANK CAN HELP YOU ?? YOUR MONEY AND KEEP IT ??
MANAGE & SAFE
AS THE OWNER OF YOUR ACCOUNT, MANAGING YOUR MONEY IS ?? RESPONSIBILITY
YOUR
A SAVINGS ACCOUNT IS FOR ?
LONG-TERM SAVINGS GOALS OR BIG PURCHASES
WHAT DOES PENDING MEAN ON AN ACCOUNT CHARGE?
IT HASN'T BEEN FULLY PROCESSED YET.
WITH CERTIFICATES OF DEPOSIT (CDS), YOU HAVE TO PAY A PENALY FOR?
WITHDRAWING THE MONEY OUT EARLY.
IT'S YOUR REPSONSIBILITY TO KNOW ABOUT ALL OF THE ?? BEFORE CHOOSING A BANK
FEES AND SERVICES INVOLVED
T/F: YOU NEED TO TRACK EVERYTHING THAT INVOLVES MONEY, EXCEPT THE PURCHASES THAT YOU ARE MAKING RIGHT NOW
FALSE
THE BANK DOESN'T ALLOW YOU TO OPEN AN ACCOUNT BECUASE YOU HANDLED MONEY POORLY IN THE PAST AND COULDN'T PASS THEIR FINANCIAL BACKGROUND CHECK. WHAT WORD DESCRIBES THIS?
BLACKLISTED
DISTRUST, UNEMPLOYMENT AND BANK FEES ARE A FEW EXCUSES PEOPLE GIVE FOR?
BEING UNBANKED ; NOT HAVING CHECKIN GOR SAVINGS ACCOUNTS
YOU SHOULD AVOID ANY BANK SERVICE THAT LEADS TO ?
DEBT
A SMALL, LOCAL BANK IS OFTEN A GREAT OPTION IF YOU PREFER THESE 2 THINGS?
CUSTOMER SERVICES & LOW FEES
T/F: A DEBIT CARD LINKED WITH YOUR CHECKING ACCOUNT IS A GOOD OPTION FOR REGULAR SPENDING
TRUE
VERIFYING YOUR BANK'S ONLINE ACCOUNT STATEMENTS FOR ACCURACY IS CALLED
RECONCILING YOUR ACCOUNT
A DEBTT CARD, ATM ACCESS, PAYROLL DIRECT DEPOSIT, AND CHECKS ARE BASIC FEATURES OF?
A CHECKING ACCOUNT
SOMETHING ALL PREDATORY FINANCIAL SERVICES HAVE IN COMMON IS?
YOU END UP LOSING MONEY WITH ALL OF THEM
WHEN DECIDING THE ON THE RIGHT BANK FOR YOU, YOU SHOULD FIRST IDENTIFY WHAT TYPE OF BANK YOU WANT, THE FEATURES THAT MATTER MOST TO YOU , AND ?
WHAT KIND OF ACCOUNTS YOU WANT
BALANCING YOUR CHECKING ACCOUNT IS A LOT LIKE WORKING ON YOUR BUDGET BECAUSE?
THEY BOTH GET EASIER AND BUILD MONEY CONFIDENCE THE MORE YOU DO THEM
HOW QUICKLY AND EASILY YOU CAN ACCESS YOUR MONEY IS CALLED THIS
LIQUIDITY