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re: Only 13% of workers under 50, could answer 4 of 5 financial literacy questions correctly
Posted on 5/24/22 at 7:46 pm to TigerintheNO
Posted on 5/24/22 at 7:46 pm to TigerintheNO
I understand your point that people today are less knowledgeable about basic financial matters….. but most of these questions are terribly worded and written. For example, CC interest and Loan interest are quite different. And question number two is not true at all. Very few debits are immediately debited.
This post was edited on 5/24/22 at 7:47 pm
2
Posted on 5/24/22 at 10:45 pm to MileHighDraw
quote:
And question number two is not true at all. Very few debits are immediately debited.
The point is, unlike a credit card charge, you are responsible for having sufficient funds to cover a payment made with a debit card the moment it is used regardless of how long the bank takes to process it.
Posted on 5/25/22 at 4:29 pm to MileHighDraw
quote:
Very few debits are immediately debited.
I think the point of the question is that it’s not the same as a credit transaction.
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