Author Question: To reduce the temptation of overspending, consider getting a credit card that is secured by a(n) ... (Read 111 times)

KWilfred · **on:** Jul 12, 2018

To reduce the temptation of overspending, consider getting a credit card that is secured by a(n) ____, meaning there is money in a savings account equal to the credit limit on the card.
A) promissory note
B) overdraft
C) protection draft
D) credit extension
E) bank deposit

Question 2

What is the main benefit of choosing overdraft fees for debit card and ATM transactions?
A) higher balance on credit cards
B) transactions will be denied if overdrawn
C) transactions will not be denied if overdrawn
D) extended terms of payback on balance
E) lower interest rate on loans