Question
Beth is getting ready for a trip to West Africa. She will be traveling to small towns and often will need cash in the local
Beth is getting ready for a trip to West Africa. She will be traveling to small towns and often will need cash in the local currency. In larger towns, she can use her credit cards and debit cards, but in smaller towns, she will have little or no access to banking services. Which of the following statements best describes her proper financial preparedness for the trip?
1,) Beth should only carry the necessary minimal number of credit cards and/or debit cards with sufficient available balances to meet her needs, along with transactional cash in her wallet.
2.) Beth should carry a large number of credit cards/debit cards in case she runs out of money and also write her bank log-in information on a piece of paper and put it in her purse in case she needs to transfer money online.
3.) Beth should only carry cash and leave all her credit and debit cards at home.
6 Wk 2 , Ch. 3 Practice [due Mon] 3.5 Resolving Cash Management Problems and Avoiding Identify Theft Beth is getting ready for a trip to West Africa. She will be traveling to small towns and often will need cash in the local currency. In larger towns, she can use her credit cards and debit cards, but in smaller towns, she will have little or no access to banking services. Which of the following statements best describes her proper nancial preparedness for the trip? 0 Beth should only carry the necessary minimal number of credit cards and/or debit cards with sufficient available balances to meet her needs, along with transactional cash in her wallet. 0 Beth should carry a large number of credit cards/debit cards in case she runs out of money and also write her bank log-in information on a piece of paper and put it in her purse in case she needs to transfer money online. 0 Beth should only carry cash and leave all her credit and debit cards at home. 0 In case oftheft or loss of her credit and debit cards, Beth would need to inform her bankls) immediately to prevent their misuse. She should make copies of the front and back of her cards and put the copies in her luggage or purse so they will be handy on the tripStep by Step Solution
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