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NURC 1001 EXAM 1(Latest Exam 2024)
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NURC 1001 EXAM 1(Latest Exam 2024)
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Personal finance part two study guideExam Question And Answers 2024
Which one of the following statements is true? - correct
answers✅d. all of the above
(A. you can overdraw your account with your ATM card.
B. ATM cards can be used in all stores to buy things.
C. It doesn't matter what machine you use when you
want to draw money out using your ATM card.)
If you deposit a check into your account and the teller
tells you it is on hold for five days, can you still spend the
money today or tomorrow? - correct answers✅B. NO
If you use mobile payment and lose your phone, you
should not: - correct answers✅B. Get a new phone and
keep using the same app.
Which of the following statements are False? - correct
answers✅A. A debit card never has a MasterCard or
Visa logo on it.
You are just starting out building your credit. what is the
easiest way to ruin your credit with your checking
account? - correct answers✅C. you overdraw your
account many times and the bank closes your account.
, Personal finance part two study guide
Exam Question And Answers 2024
Is it OK to use "whiteout" on a check? - correct
answers✅False/ No
Some financial institutions like to charge you for check ,
check registries, ATM fees and change sorting fees. -
correct answers✅True/ yes
Which of the following statements about an ATM card is
false? - correct answers✅An ATM will always give you
money no matter how much money you have in your
banking account.
Why would a smart person keep at least $100 balance in
their checking accounts at all times? Which answer is the
MOST correct? - correct answers✅You never know
when unexpected fees or expenses will hit your checking
account. And you can at times forget to write down a
payment you make with your checking account or debit/
ATM card. so, you're less likely to overdraw your account
if you keep $100 in there at all times.
What is it called when you write a check for more money
than you have in your account? - correct answers✅A.
Overdraw
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