Financial Responsibility

Question 1

Choose the advantages of using a credit card. Check all that apply.

Revolt · Accepted Answer

builds credit history; small payments over time; emergency funds intact

Question 2

Which is not a good financial decision?

Revolt · Accepted Answer

frequently spending more money than is earned

Question 3

Which is a disadvantage of withdrawing more money than is available in a checkingaccount? late payment fee✔ overdraft feeinterest fees

Revolt · Accepted Answer

✔ overdraft fee

Question 4

Henry is having trouble paying his rent and making minimum payments on loans and credit cards. Which should he consider? Check all that apply.

Revolt · Accepted Answer

Create a budget to track income and expenses.; Talk to a consumer credit counseling service.

Financial Responsibility Answers