152
QuizMultiple Select

Unit Test — Unit test

Question 152 • Personal Finance - EL3403

What are possible advantages and disadvantages of using automatic withdrawal to pay bills? Check all that apply.

Answer
not having to keep track of the balance in a checking account
Option
avoiding late payment fees
Option
having to share your account information
Option
not having to find a stamp and a mailbox
Option
not knowing when the payment will be taken out of your account
Option
possible overdraft fees if there is not enough money in the account to cover the payment amount
Option
having to pay a fee for the service
Option