The variety and sources of financial services can be overwhelming. Extensive numbers of savings, checking, and credit plans are offered from local banks and online financial institutions. Your efforts to understand the costs associated with various banking services can result in large savings and improved personal financial planning. What are your attitudes toward financial services? For each of the following statements, indicate the choice that best describes your current situation.

1. The financial service about which Im least informed is a. online banking services. b. certificates of deposit and other savings plans. c. checking accounts and other payment methods.

2. My primary financial service activity involves the use of a. a bank or credit union. b. mobile banking and ATMs. c. a check-cashing outlet.

3. The most appropriate savings plan for my current situation is a a. regular savings account. b. money market account. c. certificate of deposit.

4. When selecting a savings plan, my main concern is a. bank location and availability of cash machines. b. federal deposit insurance coverage. c. rate of return.

5. My checking account balance is a. updated in my records after every check written and deposit made. b. based on a rough estimate in my checkbook. c. only known by my financial institution.

• After reading the above questions how could a lack of knowledge or proper record keeping affect an individuals ability to Analyze factors that affect the selection and use of financial services?