Automatic Transfers.How can automatic transfers help you save money

A.

You can request that transfers are not automatically made to your savings every week or month. This system ensures that you do not add to savings without your knowledge.

B.

You can request that transfers are automatically made to your savings every day. This system ensures that you are unable to use your debit card to buy coffee every day.

C.

You can request that bills are not paid if your balance is below a specific amount. This system ensures that you regularly add to savings.

D.

You can request that transfers are automatically made to your savings every week or month. This system ensures that you regularly add to savings.

Credit Cards and Liquidity. What is the risk of using credit cards as a source of liquidity?

A.

If you pay the balance in full at the end of the period you will typically pay a very high fee ranging from 8% to 20% of the full balance amount.

B.

If you are unable to pay the balance in full at the end of the period you will typically pay a very low rate of interest ranging from 1.0% to 2.0%.

C.

If you are unable to pay the balance in full at the end of the period you will typically be unable to use your credit card until the balance is paid in full.

D.

If you are unable to pay the balance in full at the end of the period you will typically pay a very high rate of interest ranging from 8% to 20%.

Direct Deposit. What are the advantages of using direct deposit?

A.

Direct deposits are safer since you no longer risk losing a check and many banks waive checking account fees if you use direct deposit. It can also make it easier to avoid placing a portion of your check in savings.

B.

Direct deposits are safer since you no longer need to carry cash. It can also make it easier to automatically place a portion of your check in savings.

C.

Direct deposits are safer since you no longer risk losing a check and many banks waive checking account fees if you use direct deposit. It can also make it easier to automatically place a portion of your check in savings.

D.

Direct deposits are safer since many banks will hold the paper check until you go to the bank and sign it. It can also make it easier to automatically place a portion of your check in savings.