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QuizMultiple Choice

Financial Responsibility

Question 1 • Personal Finance - EL3403

George’s parents are going on a cruise and are concerned about paying their bills while they are gone because they will not have the usual means of communication. What is the best payment method for them to use while they are gone?

Answer
A
telephone
B
online payment
C
mail
D
automatic withdrawal

Explanation

Automatic withdrawal is the best choice because the payments can be taken from their bank account on scheduled dates without George’s parents needing to communicate while they are away. Telephone and online payments require them to contact or access the billers, and mailed payments may not arrive on time.

AI-written and checked against the verified answer.

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