FP 101 Week 3 Quiz 1. What is the main disadvantage of using only a debit card? 2. When selecting and using a debit card, you should avoidâ€¦ 3. Which of the following is not an effective way to think about money? 4. The smartest way to build an emergency fund is toâ€¦ 5. How much money should you have in your emergency savings account? 6. The best place for your emergency savings fund isâ€¦ 7. How do you make sure the money you deposit at a bank or credit union is 100% safeâ€”that you are guaranteed to get every penny back no matter what? 8. What is the maximum dollar amount the Federal Deposit Insurance Corp. (FDIC) ensures in a single account? 9. If the money you have coming in each month (your take-home pay) is less than the money going out each month to pay the bills, you shouldâ€¦ 10. To intelligently reduce your spending over the long termâ€¦
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