12
AssignmentMultiple Select

Financial Responsibility

Question 12 • Personal Finance - EL3403

What must Freya consider before using her debit card? Check all that apply.

Answer
A
She must be sure there is at least $135 in her bank account for the purchase.
B
She must check the interest rate on the debit card.
C
She must check to see if any automatic payments are scheduled for heraccount.
D
She must check her credit history.
E
She must make sure she will be able to make the monthly payments.

Explanation

Before using a debit card, Freya should make sure her account has enough money to cover the $135 purchase. She should also check for scheduled automatic payments, since they could reduce the balance available for the purchase. Debit cards do not require checking an interest rate, credit history, or monthly payments.

AI-written and checked against the verified answer.

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