Public Transportation Options

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?

To budget for transportation costs (B) Signup and view all the answers

What is an important step in independent living?

Budgeting for transportation costs (A) Signup and view all the answers

What is another aspect of budgeting for independent living?

Budgeting for home maintenance (B) Signup and view all the answers

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

Return the outfit you just bought (B) Signup and view all the answers

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

Develop strategies with your social worker or foster parent (A) Signup and view all the answers

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

To have money for ongoing living expenses (B) Signup and view all the answers

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

Your recreation funds (D) Signup and view all the answers

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

Because unexpected expenses might come up (D) Signup and view all the answers

What is the recommended way to write a check?

In ink (C) Signup and view all the answers

What is one benefit of having a savings account?

To have the bank pay you interest (A) Signup and view all the answers

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

If they have difficulty with balancing a checkbook (A) Signup and view all the answers

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

To avoid confusion about the date (C) Signup and view all the answers

How can you keep track of your savings account?

Online (D) Signup and view all the answers

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

Draw a line to fill the space (C) Signup and view all the answers

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

Compare different banks and their offers (A) Signup and view all the answers

What should you never do with a check?

Leave it blank (C) Signup and view all the answers

What is the purpose of a restrictive endorsement?

To endorse a check when mailing it to the bank (A) Signup and view all the answers

What might happen if you lose a passbook?

The bank will provide a replacement passbook (B) Signup and view all the answers

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

Withdraw it for temporary expenses (D) Signup and view all the answers

How many types of endorsements are there?

3 (D) Signup and view all the answers

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

To compete with larger, national financial institutions (A) Signup and view all the answers

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 (A) Signup and view all the answers

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

Websites and smartphone apps (D) Signup and view all the answers

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

Allow access to 'shared branches' for basic services (B) Signup and view all the answers

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

You can't perform more complicated financial tasks like opening a mortgage (D) Signup and view all the answers

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 (C) Signup and view all the answers