29 Questions
What is an essential step to take when using public transportation?
Checking the schedules to ensure the subway, train or bus is available
What is a factor to consider when deciding on a mode of transportation?
The cost of the transportation
What is a common limitation of public transportation?
It is not available in every area
What is the purpose of researching the costs of public transportation?
To budget for transportation costs
What is an important step in independent living?
Budgeting for transportation costs
What is another aspect of budgeting for independent living?
Budgeting for home maintenance
What would you do if you received an unexpected bill from your dentist?
Return the outfit you just bought
What can you do to help stick to your personal budget?
Develop strategies with your social worker or foster parent
Why is it important to save money before moving out on your own?
To have money for ongoing living expenses
What might you need to adjust in your budget if you buy something expensive?
Your recreation funds
Why is it important to think about additional situations that might affect your budget?
Because unexpected expenses might come up
What is the recommended way to write a check?
In ink
What is one benefit of having a savings account?
To have the bank pay you interest
Why might someone use a savings account in combination with money orders/banker's checks?
If they have difficulty with balancing a checkbook
Why should you not pre-date or post-date a check?
To avoid confusion about the date
How can you keep track of your savings account?
Online
What should you do with the unused space on a check?
Draw a line to fill the space
What is one thing you should do before choosing a bank for a savings account?
Compare different banks and their offers
What should you never do with a check?
Leave it blank
What is the purpose of a restrictive endorsement?
To endorse a check when mailing it to the bank
What might happen if you lose a passbook?
The bank will provide a replacement passbook
What is one thing you can do with the money in a savings account?
Withdraw it for temporary expenses
How many types of endorsements are there?
3
What is the main benefit of affiliated ATMs for small banks and credit unions?
To compete with larger, national financial institutions
What is the advantage of using an ATM affiliated with your bank or credit union?
You can access your money with little or no fee
What do some ATM Networks offer to help customers find the closest ATM?
Websites and smartphone apps
What is a feature of shared services offered by some banks and credit unions?
Allow access to 'shared branches' for basic services
What is the limitation of shared branches in terms of financial tasks?
You can't perform more complicated financial tasks like opening a mortgage
What is the result of partnering with an ATM Network for small banks and credit unions?
They can provide wider accessibility to their customers' money for little or no fee
Test your knowledge on using public transportation systems, including schedules and availability. Learn how to plan your trips effectively and understand the limitations of public transportation in different areas.
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