True/False Part 3 Question Preview (ID: 21503)


Q 127-143. TEACHERS: click here for quick copy question ID numbers.

A debit card cannot be used for online purchases
a) False
b) True
c)
d)

A fully-funded emergency fund is 3 to 6 months of your total monthly expenses
a) True
b) False
c)
d)

Dave says its okay to use a credit card if you pay it off every month
a) False
b) True
c)
d)

You should not invest for retirement until you have paid your college loans
a) True
b) False
c)
d)

One way to get out of debt is to sell something you have
a) True
b) False
c)
d)

Setting up automatic account transfers is the easiest way to build your savings for your emergency fund or large purchases
a) True
b) False
c)
d)

You can and should obtain a free copy of your credit report annually in order to check for any suspicious activity
a) True
b) False
c)
d)

There are three credit bureaus: Experian, TransUnion, and Equifax
a) True
b) False
c)
d)

Repetition has proven to be an effective marketing technique
a) True
b) False
c)
d)

You need to have a credit card to rent a car or check into a hotel
a) False
b) True
c)
d)

The FAFSA will only be completed once for your college financial aid
a) False
b) True
c)
d)

You will always receive a monthly statement for the amount for your debit charges
a) False
b) True
c)
d)

Our culture thinks student loan debt is normal and that it's an acceptable way to pay for college
a) True
b) False
c)
d)

The bank will charge a fee for overdrafts on your account
a) True
b) False
c)
d)

Expensive houses and new cars are true indication of wealth
a) False
b) True
c)
d)

A good salesperson will answer a question with a question
a) True
b) False
c)
d)

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