COMPREHENSIVE REAL EXAM QUESTIONS AND 100
% CORRECT ANSWERS ALREADY GRADED A+ |
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. When the amount of income on a budget is greater than
the amount actually spent on expenses, the person has a
A. surplus. B. deficit. C. balanced plan. D. new liability. -
ANSWER-a
When a check is returned due to insufficient funds, the
check is said to have A. been postdated. B. been voided.
C. bounced. D. cleared. - ANSWER-c
. A form of payment that is guaranteed to be as good as
cash is a A. personal check. B. bank check. C. credit card
charge. D. promissory note. - ANSWER-b
, . Deposits in bank savings accounts are insured by the
Federal Deposit Insurance Corporation (FDIC) up to A. $
50,000. B. $100,000. C. $150,000. D. $250,000. -
ANSWER-d
1. Which one of the following statements is the most
accurate about the use of ATM cards? A. A person can
generally get an interest free loan at any bank ATM with no
fee. B. A person can always charge a purchase using an
ATM card. C. A person can get cash anywhere in the world
using an ATM with no fee. D. A person must have a bank
account to have an ATM card. - ANSWER-d