Chapter 21 ReviewS

Chapter 21 section 1 review
Why might someone who is just starting out prefer a regular savings account to a CD?
Explain why you should start contributing to a retirement plan as soon as you can.
Why do some people find it difficult to save for retirement?
Chapter 21 section 2 reviews
1. Why might you choose a regular checking account instead of a NOW account?
2. Why must you write the amount of a check in both numbers and words?
3. Why is it important to reconcile your check register and bank statement? Make sure that they agree.
Chapter 21 section 3 reviews
why is a credit card more convenient for everyday purchases than a loan?
Why is it easy for some people to get into financial trouble when they have credit cards?
Why do business check with credit bureaus before extending credit to individuals?