Devin’s bank charges $1.75 for nonbank ATM
withdrawals and $0.30 for each debit card trans-
action. Last month, Devin paid $8.25 in ATM
and debit card fees. He made 3 nonbank ATM
withdrawals. How many times did Devin use his
debit card last month?
A 2
B 5
C 7
D 10
9 Which statement about a credit report is true?
A My credit report cannot affect my future ability
to obtain a loan.
B A credit report is always correct and doesn’t
contain any errors.
C Negative actions on a credit report generally
remain for 7-10 years.
D College grades are used in credit reports.
10 Which method of paying for college needs to be
paid back?
A Grants
B Loans
C Scholarships
D Work-study programs
11 Which statement best describes purchases made
with a credit card?
A Purchases made with this card are withdrawn
directly from a bank account.
B Purchases made with this card require a PIN
number.
C If you don’t record your purchases, you may
have to pay a overdraft fee.
D Purchases made with this card are subject to
interest.
12 Which is an advantage of using a credit card over
a debt card?
A You must have enough money in your account
to cover your purchases.
B You don’t have to carry cash.
C Used responsibly, it can help build a positive
credit history.
D You pay interest on the unpaid balance.
13 The choices I make today affect my future success.
Which choice would affect my ability negatively to
get a loan?
A Continuing my education after graduating
from high school.
B Getting a credit card that I pay off each month.
C Having a high debt ratio.
D Saving some of my earnings each month.
14 Which is a feature of both writing a check and
using a credit card?
A Make payments online
B Signature required
C Funds are transferred immediately
D Late fees
15 Which job is NOT a typical work-study job?
A working in your own business
B working at campus library or bookstore
C off-campus job related to your course study
D serving in the dining hall