ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Online bill pay allows you to make payments to whomever you wish without having to write a check and send it in the mail.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Cable modem, DSL, or dial-up internet. Online bill payment: Can happen automatically every month, even if you set it up just once. With online banking, you can: Pay bills, check your balance, and see if checks have cleared on your bank’s online Web site.

Detailed explanation-2: -An overdraft occurs when a transaction causes your checking account balance to drop below zero. Your bank or credit union will choose whether to reject or cover the transaction. If they cover the transaction, you may be charged an overdraft fee.

Detailed explanation-3: -Online bill pay is much easier and cheaper than writing checks to pay your bills. The best way to get an accurate checking account balance is to call your bank or credit union directly.

There is 1 question to complete.