8. joakim is hesitant to set up online bill pay with his credit union account. all of these are benefits of…

8. joakim is hesitant to set up online bill pay with his credit union account. all of these are benefits of online bill pay you could share with him except_ a. online bill pay can help you meet your payment deadline b. you can pay electronically or still have a paper check sent instead c. it takes a bit of time to set up initially, but it could save you time in the long run d. banks require that you have a large account balance in order to use bill pay 9. all of these are tips to be safe with online banking except_ a. use strong passwords and different ones for each account b. dont use any part of your social security number as a password c. keep your browser and computer or mobile device up to date d. make sure you carry a written password as a backup 10. person - to - person payments are becoming more popular, so its a good idea to understand how they work. which of the following is true? a. to use a person - to - person payment, both people must have a checking account at the same bank branch b. paying a cashier using your debit card is an example of a person - to - person payment because youre both physically in the same location c. each transaction with a person - to - person payment typically has large fees attached so you should use them sparingly d. person - to - person payments are usually conducted using a smartphone app rather than a computer 11. your bank statement includes all of the following information, except_ a. your credit score b. the statement period c. any fees charged by the bank d. debits and credits on your account

8. joakim is hesitant to set up online bill pay with his credit union account. all of these are benefits of online bill pay you could share with him except_ a. online bill pay can help you meet your payment deadline b. you can pay electronically or still have a paper check sent instead c. it takes a bit of time to set up initially, but it could save you time in the long run d. banks require that you have a large account balance in order to use bill pay 9. all of these are tips to be safe with online banking except_ a. use strong passwords and different ones for each account b. dont use any part of your social security number as a password c. keep your browser and computer or mobile device up to date d. make sure you carry a written password as a backup 10. person - to - person payments are becoming more popular, so its a good idea to understand how they work. which of the following is true? a. to use a person - to - person payment, both people must have a checking account at the same bank branch b. paying a cashier using your debit card is an example of a person - to - person payment because youre both physically in the same location c. each transaction with a person - to - person payment typically has large fees attached so you should use them sparingly d. person - to - person payments are usually conducted using a smartphone app rather than a computer 11. your bank statement includes all of the following information, except_ a. your credit score b. the statement period c. any fees charged by the bank d. debits and credits on your account

Answer

Brief Explanations:

Question 8:

Banks generally do not require a large account balance to use bill - pay, so option d is not a benefit. Options a, b, and c are valid benefits of online bill - pay.

Question 9:

Carrying a written password as a backup is a security risk as it can be lost or stolen. Options a, b, and c are good online banking safety tips.

Question 10:

Person - to - person payments are often done via smartphone apps. Option a is incorrect as both parties don't need to have accounts at the same bank branch. Option b is incorrect as paying a cashier with a debit card is a different type of transaction. Option c is incorrect as fees for person - to - person payment apps are not necessarily large.

Question 11:

A bank statement does not include your credit score. It includes the statement period, bank - charged fees, and account debits and credits.

Answer:

Question 8: d. Banks require that you have a large account balance in order to use bill pay

Question 9: d. Make sure you carry a written password as a backup

Question 10: d. Person - to - person payments are usually conducted using a smartphone app rather than a computer

Question 11: a. Your credit score