11
practice testMultiple Choice

Practice Test

Question 11 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

What are possible advantages and disadvantages of using automatic withdrawal to pay bills? Choose four correct answers.

Answer
A
avoiding late payment fees
B
having to pay a fee for the service
C
having to share your account information
D
not having to keep track of the balance in a checking account
E
possible overdraft fees if there is not enough money in the account to cover the payment amount
F
not having to find a stamp and a mailbox
G
not knowing when the payment will be taken out of your account
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