AnswersPersonal Finance - SC 26-27 For CreditBanking: How to Manage Your Money

Banking: How to Manage Your Money Answers

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21
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Compare the entries in Lupe’s records with the entries on the bank statement.What other mistake did Lupe make?

A
She recorded a transaction twice.
B
She forgot to record a transaction.
C
She wrote the wrong amount for a transaction.
D
She made a math error when calculating her balance.
22
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Study the entries in Lupe's records and bank statement.What is the first action Lupe should take when she discovers a difference between her records and the bank's records?

A
She should check her own records to see if she made a mistake.
B
She should go to her bank and ask to discuss her account with a bank officer.
C
She should contact the police about possible theft.
D
She should call the bank to have the charge taken off her account.
23

Which statement best describes the lesson we can learn from Lupe's experience?

A
It’s too much work to open a checking account.
B
It’s only important to track large amounts in personal records.
C
It’s important to keep accurate records.
D
It’s best to use only one document to track spending.

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