please could you help me answers for this exercise think you Arreualli r dorer B
ID: 1108129 • Letter: P
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please could you help me answers for this exercise think you
Arreualli r dorer Basic Financial Planning Take-Home Quiz 1 Circle all that apply Major advantages of using banks over check cashing stores and cash for all your trans.actions are (orcle all that apply) a) Statements which help you manage your expenses b) Saving on income tax cj Sometimes direct deposit is a condition of employment d) Lower Fees e) Builds a credt history ) More secure 2 Compare and contrast using debit cards vs checks vs credk cards when making 3. What are the advantages and disadvantages of using credit cards when making purchases? 4 Insurance can be a good thing ar an unnecessary expense. List the types of insurance about which you knaw. Explain which ones should fit in your budget 5. What is a Credit Score and how is it used? How can you check your credit score? 6 Budgeting for College Many Lowell students continue their education at public schools. The schoolpath you choose can have a major impact on the cost of your education and your resulting budget Consider the fallowing (based upon 2011-12 rates, but they have been ncreasing rapidly) City College of SF enroliment per semester unit $36 full time student takes 12-15 units a semester (4-5 classes) additional expenses: books, supplies, transportation student usually lives at home Students may transfer to UC/CSU after 2 years with credits which may allow completion of a Bachelors degree after 2 more yearsExplanation / Answer
First question is answered below
1.
Correct option: (a) and (e) and (f)
Reason: Paying through banks over cash helps consumers maintain a digital record of their expenses along with building a good and strong credit history. It is also more secure as it done directly theough bank so there is no risk of breach of security.
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