Public Transportation Options
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Questions and Answers

What is an essential step to take when using public transportation?

  • Using a car instead of public transportation
  • Checking the schedules to ensure the subway, train or bus is available (correct)
  • Riding the subway, train or bus without checking the schedules
  • Purchasing a monthly pass without researching the costs

    • What is a factor to consider when deciding on a mode of transportation?

  • The type of furniture needed for the trip
  • The cost of the transportation (correct)
  • The number of people using the transportation
  • The color of the bus or train

    • What is a common limitation of public transportation?

  • It is always available
  • It is only used by people under 30
  • It is only used for long trips
  • It is not available in every area (correct)

    • What is the purpose of researching the costs of public transportation?

    <p>To budget for transportation costs</p> Signup and view all the answers

    What is an important step in independent living?

    <p>Budgeting for transportation costs</p> Signup and view all the answers

    What is another aspect of budgeting for independent living?

    <p>Budgeting for home maintenance</p> Signup and view all the answers

    What would you do if you received an unexpected bill from your dentist?

    <p>Return the outfit you just bought</p> Signup and view all the answers

    What can you do to help stick to your personal budget?

    <p>Develop strategies with your social worker or foster parent</p> Signup and view all the answers

    Why is it important to save money before moving out on your own?

    <p>To have money for ongoing living expenses</p> Signup and view all the answers

    What might you need to adjust in your budget if you buy something expensive?

    <p>Your recreation funds</p> Signup and view all the answers

    Why is it important to think about additional situations that might affect your budget?

    <p>Because unexpected expenses might come up</p> Signup and view all the answers

    What is the recommended way to write a check?

    <p>In ink</p> Signup and view all the answers

    What is one benefit of having a savings account?

    <p>To have the bank pay you interest</p> Signup and view all the answers

    Why might someone use a savings account in combination with money orders/banker's checks?

    <p>If they have difficulty with balancing a checkbook</p> Signup and view all the answers

    Why should you not pre-date or post-date a check?

    <p>To avoid confusion about the date</p> Signup and view all the answers

    How can you keep track of your savings account?

    <p>Online</p> Signup and view all the answers

    What should you do with the unused space on a check?

    <p>Draw a line to fill the space</p> Signup and view all the answers

    What is one thing you should do before choosing a bank for a savings account?

    <p>Compare different banks and their offers</p> Signup and view all the answers

    What should you never do with a check?

    <p>Leave it blank</p> Signup and view all the answers

    What is the purpose of a restrictive endorsement?

    <p>To endorse a check when mailing it to the bank</p> Signup and view all the answers

    What might happen if you lose a passbook?

    <p>The bank will provide a replacement passbook</p> Signup and view all the answers

    What is one thing you can do with the money in a savings account?

    <p>Withdraw it for temporary expenses</p> Signup and view all the answers

    How many types of endorsements are there?

    <p>3</p> Signup and view all the answers

    What is the main benefit of affiliated ATMs for small banks and credit unions?

    <p>To compete with larger, national financial institutions</p> Signup and view all the answers

    What is the advantage of using an ATM affiliated with your bank or credit union?

    <p>You can access your money with little or no fee</p> Signup and view all the answers

    What do some ATM Networks offer to help customers find the closest ATM?

    <p>Websites and smartphone apps</p> Signup and view all the answers

    What is a feature of shared services offered by some banks and credit unions?

    <p>Allow access to 'shared branches' for basic services</p> Signup and view all the answers

    What is the limitation of shared branches in terms of financial tasks?

    <p>You can't perform more complicated financial tasks like opening a mortgage</p> Signup and view all the answers

    What is the result of partnering with an ATM Network for small banks and credit unions?

    <p>They can provide wider accessibility to their customers' money for little or no fee</p> Signup and view all the answers

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