2
practice testMultiple Choice

Practice Test

Question 2 • Personal Finance

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

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