4
QuizMultiple Choice

Financial Responsibility

Question 4 • Personal Finance - EL3403

Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. What must Shondra consider before she decides to pay with automatic withdrawals?

Answer
A
Shondra should be sure she will remember to call the store each month to make the payment.
B
Shondra should check her credit history to be sure she has a good credit score.
C
Shondra should be sure she will have enough in her account to be able to make the monthly payments.
D
Shondra should consult with a credit counseling service.

Explanation

Automatic withdrawals take the monthly payment directly from Shondra’s account. She should make sure enough money will be in the account when each withdrawal occurs, or she could face a failed payment or fees. So the correct choice is that she should be sure she will have enough in her account to make the monthly payments.

AI-written and checked against the verified answer.

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