Financial Responsibility Answers

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Choose the advantages of using a credit card. Check all that apply.

builds credit history

no monthly payments

no interest fees

small payments over time

emergency funds intact

Which is a disadvantage of withdrawing more money than is available in a checkingaccount?

late payment fee

overdraft fee

interest fees

Which is not a good financial decision?

building a savings account and taking out fewer and smaller loans in the future

making monthly payments on a loan on time

paying off a loan as soon as possible

frequently spending more money than is earned

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