Overdraft protection Study guides, Class notes & Summaries

ees listed on a bank statement - Answer overdraft fees ATM fees service charges overdraft protection - Answer an automatic loan made to an account if the balance will not cover checks written

HR Block Budget Challenge Quizzes with Complete Solutions Frank's electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Frank pays his electric bill on the 12th of the month? His payment is received after the due date but he will not be assessed a late fee because of the grace period. On the Budget Challenge Cash Flow Spreadsheet (CFS) (this file is downloadable on the "How to Play" page of the website), what column shoul...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 When buying cell phone insurance, the person should consider the cost of the annual insurance premium and compare it to the cost of... ...buying a new phone A person wants to start saving and needs to make withdrawals often. Her money needs to be safe and to earn interest. What is the best to meet her needs? Opening a savings account A person reconciling her checking account notices that the balance in her checkbo...

Wise Review Question and answers rated A+ 2024/2025 Wise Review Which of the following is NOT taxable and does NOT need to be reported to the IRS. - correct answer Money received from a life insurance policy The Truth-In-Lending Act required that borrowers be given- - correct answer information on the cost of the loan The role of a mortgage broker is to- - correct answer find a lender for a person needing to borrow A person sold her house and deposited the money from the sale ...

Wise Test Practice Question and answers already passed 2024/2025 Wise Test Practice- Personal Finance A single person who graduated from college is now employed full time. During the first year, it is highly recommended that this person focus on .. - correct answer establishing an emergency fund Checking account overdraft protection at a bank is an optional service that is - correct answer a short term loan with a high rate of interest A married couple wants to file for Chapter 13 p...

h&r block challenge test question with 100% correct answers interest rate Correct Answer-the amount you pay or earn for borrowing or loaning money compound interest Correct Answer-interest on interest, basically interest plus time equals interest on your interest which equals increasing amounts of money NSF fee Correct Answer-charged by the bank because you do not have enough money to cover the check/charge returned check fee Correct Answer-charged by the person/company you wrote the c...

Elements IN a Budget - ANSWER--Pay Stubs. -Bank Statement -Utility Bill -Soc. Sec. Award Letter -Credit Card Debt -Car Expenses -Child Support -Hobby Income (Avg.) Elements NOT in a Budget - ANSWER--Stock Dividends -Annual Bonus -Reimbursements -Credit Score -Pretax Payroll Deduc. Which information should be included in a Client Action Plan? - ANSWER-The client's housing goal and the counselor's action steps 5 Sections of a Credit Report - ANSWER--Personal Information -Acco...

An individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. The net worth of this individual is - $71,000 Net Worth = Assets - Liabilities When considering purchasing renters insurance. a person should know that the - purpose is to cover monetary losses related to fire, theft, and personal injury (The purpose of all insurance is to cover monetary losses. Renters insurance protects against all things that can happen to your rented property. Premiums ...

True or false: Today's interest rates encourage savings. - correct answerfalse True or false: A savings account is a time deposit. - correct answertrue True or false: A bank and credit union are exactly the same type of institution. - correct answerfalse True or false: A money market account and a money market fund are the same. - correct answerfalse True or false: Overdraft protection is a good deal for everybody. - correct answerfalse What must be in place for your savings prog...

Sources of income: - wages, rentals, interest, capital, profits, investments, entrepreneurship • Exemption (aka an allowance) and how does it work: allowance is used to reduce amount of taxed income Liquidity—what does it mean; what products are liquid - the degree of ease in which assets can be sold Gift cards and how they work (a monthly inactivity fee may begin after 12 months) - closed loop system and open loop system Discretionary income or budget surplus: - not allocated fo...