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Which of the following statements is TRUE

Which of the following statements is TRUE

Ashley wants to make a purchase using the money in her checking account. What method of payment should she use to access these funds immediately and directly?

Debit Card

Which of the following is the best reason to use cash for purchases?

Keeping track of how much you have spent is simple

What is the best strategy to avoid paying interest on your credit cards?

Pay the full balance each month

Which of the following statements is TRUE about payday loans?

They are harder to pay back because of high fees and high interest rates

What is the problem with paying only your minimum credit card balance each month?

You have to pay interest

What factor has the biggest impact on a credit score?

Your history of making payments on time

Which of the following is not a source of income?

Your monthly student loan payment

A __________ is usually paid on a biweekly or monthly basis for professional employment.

salary

Amy's new summer job at the pool will pay her $9 per hour. Which term describes this type of hourly income?

wage


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