Unit Test — Unit test Answers

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Karina keeps excellent records and always knows precisely how much is in her bank account. However, when she receives her bank statement, she’s surprised to see that she has been charged a $5.00 overdraft fee. After reviewing her well-kept records, she cannot find anything that is incorrect. Which would be the best action for Karina to take?

A
Review her records again.
B
Wait for the bank to call her.
C
Ignore the fee because it is relatively small.
D
Check her records against her bank statement.
22
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Bob wants to borrow $5,000 to pay for a vacation. He plans to pay the loan back quickly using a bonus that he will receive in a few months. He does not want to pay a high interest loan.Which loan would be best?

A
title loan
B
payday loan
C
student loan
D
peer-to-peer loan
23

Parva is excited about buying her first home. She needs a loan of $100,000, and visits four different banks to see what kind of interest rate she can get. Parva makes a chart of the interest rate each bank offers.

Question illustration
A
First Bank
B
Cactus Bank
C
Tall Mountain Bank
D
Water Road Bank
24

Which of these is the best reason for Nina to monitor her bank account statements online or on her cell phone app?

A
to know when her bills are due
B
to determine the exact date she can retire
C
to ensure she's paying her fair share in taxes
D
to know how much money she has for budgeting
25

When should fixed and variable monthly budgeted expenses first be planned?

A
at the end of each month
B
day by day during the month
C
at the start of each month
D
at least twice per month

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