Which account should Scenario they use? Chris wants to put money aside so he can buy his mom a birthday present. Sam wants to buy school supplies for a project she is Checking Savings Checking Savings working on. Aisha wants to withdraw $20 from an ATM so she can buy a movie ticket and go watch the movie with her friends. Checking Savings Neil rides his bike every day to school and back and d Checking Savings is responsible for maintaining his bike. He wants to www.ngpf.org Last updated: 12/10/20 make sure he has money to fix or replace anything that might break in the future. Rosa is going on a vacation with her parents in a few e months and wants to put the money she just got from Checking the holidays aside to buy souvenirs. Savings
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- Jeff and his girlfriend Amy want to go on a shopping spree for her birthday, however, neither one of them had any money for this adventure. They both agreed that Jeff would go over to his father’s condo and take his credit card to fund this birthday celebration. Jeff went over to his father’s while his father was out, entered, and took one of his credit cards. Once they obtained the card the first stop on this journey was to a local jewelry store where they bought a 15-carat diamond ring for her worth $5,000 and a diamond-encrusted watch for him valued at $2,500 using the credit card. They then went to the coach store where they purchased a handbag and matching wallet for Amy for $4,500 using the credit card. They then had lunch where they spent $60 again paying for it with the credit card. They then went to a local liquor store where Jeff purchased two bottles of wine valued at $75 each. He paid for it with a personal check with the knowledge that he did not have sufficient funds in…Your older sister, Anna is trying to figure out how she's going to pay for college in theFall. Anna is going over her options with you one night and she narrows it down toeither putting her college education on your parents’ credit card or taking out astudent loan. Which one would you suggest and why?Anna then tells you a story about her friend, Chad. Chad has a Target credit card thathe opened a few months ago. The other day he tried to use his credit card to buypopcorn at the movies, but it was denied. Explain to your sister why this happened.While jogging around his suburb one morning, Pedro sees a speedboat parked outside a house. There is a sign posted on the boat’s windshield saying: “For sale $9,000, Text Andres on 0409876543. Direct buyers only!” A boat lover, Pedro calls the number advertised and leaves a voice message saying that he’s happy to buy the boat for $7,000. He also leaves his return number. Andres is busy all day, and only hears Pedro’s message the next morning. He calls Pedro back; he also leaves a voice message saying that Pedro’s price is too low, but he can get the boat for $8,000. That same day, however, another buyer sees the boat and makes a $9,000 cash offer to Andres on the spot. Andres takes the money, signs over the boat’s registration papers, and the buyer tows the boat away. Pedro passes by Andres’ house and sees that boat is gone. Panicking, he listens to his voice messages and hears Andres’ message for the first time. He calls Andres right away and told him in no uncertain words that he…
- Susan and Jose rent an apartment and have been saving for a house. They now have $10,000 in the bank. Susan owes $4,000 on a low-interest credit card; Jose owes $4,500 on his car. Susan wants to pay the credit card and car off to eliminate the debt. Jose wants to keep the cash in the bank and continue saving for the house. What are the pros and cons of each one’s argument? Please be detailed and concise. Feel free to use a chart or table to represent your argument.Maria will be a college sophomore next year, and she is determined to have her own credit card. She will not be employed during the school year but is convinced that she can pay for credit card expenses based on her summer earnings. Maria's parents have read a number of articles about the problems of credit cards and college students, including examples of students leaving school after a downward spiral of credit cards, overspending, working to pay bills, worrying about bills, working more hours to pay bills, and eventually withdrawing from school. When Maria showed up with a handful of applications including Visa, a Gold MasterCard, Discover, a Visa sponsored by her university, an American Express, a secured MasterCard, and a gas company card her parents were overwhelmed. Maria admitted she didn't want them all. "I'm not stupid," she declared. Since Maria obviously needed to learn about credit cards, her parents agreed to co-sign her application on one condition. She…Judy is a 16-years old who just got her first job. She wants a credit card or debit card to spend money she will be earning. Judy’s parents worry about her spending money she doesn’t own, and don’t want her to accrue heavy interest. Which type of card should she get. a) Credit card with no fee b) A debit card Explain your choice:
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- Althea writes a check to Handy Dan's Home Repair for $59.75 to cover the cost of having a window repaired in her home and gives the check to Dan, the owner of Handy Dan's Home Repair. Dan alters the check by changing the amount to $559.75. Dan then takes the check to Home Federal Savings and Loan, the bank on which the check is drawn, and cashes the check. This, of course, results in an extra $500 being withdrawn from Althea's account. Home Federal Savings and Loan will be responsible for: issuing a stop payment order on the check. debiting Althea's account $559.75, the entire amount of the check. debiting Althea's account for nothing. Because the check was altered, Althea is not entitled to any reimbursement. debiting Althea's account $500.Jane has written out a check to Manny for $100. Unfortunately, the check was stolen by Stringer Bell who sold it to Freddy for $90. Stringer signed Manny's name even though he is not Manny. Freddy has no idea of the wrongdoing. Freddy presents the check to the bank but Jane and the bank say, "No way". Can Freddy get the $100? How?Jeremy received a tax refund check and needs to have it deposited into his account. He decided to ask his friend JT to do that for him. What does Jeremy need to write on the back of the check to make sure that JT doesn't cash the check for himself?