Title: QUIZ: Banks and Alternatives 101: Introduction -- Personal Finance Conversations
Course: Andria Testing FRE2 > Section: Banks and Alternatives 101: Introduction -- Personal Finance Conversations

Q: True or False: Banks and credit unions typically charge much less for the same financial services that payday and title lenders, pawn shops, and check-cashing centers offer.
- True
- False
A: True

Q: Which type of loan can you easily acquire with just an ID, Social Security card, paycheck stub and bank account number?
- Pawn shop loan
- Payday loan
- Title loan
- Mortgage loan
A: Payday loan

Q: Which type of loan requires you to trade something valuable you own, like jewelry or tools, for cash?
- Pawn shop loan
- Payday loan
- Title loan
- Mortgage loan
A: Pawn shop loan

Q: Typically, how much does a check cashing place typically charge to cash a check?
- .50% of the total check amount
- 3.5% of the total check amount
- 5.5% of the total check amount
- 10.5% of the total check amount
A: 3.5% of the total check amount

Q: How do pre-paid cards differ from using a standard debit card?
- A pre-paid card is a cash-free payment option.
- A pre-paid card is linked to your checking account.
- A pre-paid card often has a number of fees associated with it.
- A pre-paid card requires you to have a co-signer.
A: A pre-paid card often has a number of fees associated with it.