7
QuizMultiple Choice

Financial Responsibility and Budgeting — Test

Question 7 • Personal Finance

Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. What must Shondra consider before she decides to pay with automatic withdrawals?

Answer
A
Shondra should check her credit history to be sure she has a good credit score.
B
Shondra should be sure she will have enough in her account to be able to make the monthly payments.
C
Shondra should be sure she will remember to call the store each month to make the payment.
D
Shondra should consult with a credit counseling service.

Explanation

Automatic withdrawals take the payment directly from Shondra’s account on a scheduled date. She should make sure enough money will be in the account then, or the payment could be declined and she might face fees. So the key consideration is having enough funds for the monthly payments.

AI-written and checked against the verified answer.

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