![]() ![]() What is the maximum amount of money you should spend?ĭ $525. Should you write that check?ĭ I was absent the day they taught that in math. Tomorrow, you want to pay a $600 bill with a check. The teller says that the $700 check is on hold for five days. You have $400 in your checking account, and deposit a check for $700. Which statement best describes putting a "hold" on a check?Ī You deposit a check in your checking account, and the teller tells you the money will clear tomorrow.ī You deposit a check in your checking account, and the teller tells you the money will be available in five days.Ĭ The bank teller holds the check until the person who wrote the check goes to the bank.ĭ The teller keeps your check in the cash drawer for a few days. ![]() B You deposit a check in your checking account, and the teller tells you the money will be available in five days. ![]() When you pay with a credit card, you are always borrowing money.ī When you pay with a debit or ATM card, you borrow money from a company.Ĭ When you pay with a credit card, the money you are spending comes straight out of your own account.ĭ When you pay with a debit card you must pay back the money you spent and must pay interest. But what is the biggest difference between an ATM card or debit card, and a credit card? Choose the one right answer.Ī When you pay with a debit or ATM card, you are not borrowing money. ATM cards and debit cards are much alike. When you pay with a credit card, you are always borrowing money. ![]() A When you pay with a debit or ATM card, you are not borrowing money. ![]()
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