Question

which statement is false? * 1 point
prepaid cards typically include a lot of fees
prepaid cards are a useful option for someone who is unbanked to make online purchases
prepaid cards are a great way to build credit
prepaid cards are usually accepted anywhere that debit and credit cards are accepted
you are developing a savings plan and using short-, medium-, and long-term * 1 point goals to motivate you. which represents possible goals in order from short-term to long-term? save for...
retirement, a house down payment, college tuition
a new cell phone, college tuition, a house down payment
a new cell phone, dinner with friends this weekend, a new pair of shoes
retirement, college tuition, a vacation

Explanation:

• First question: Prepaid cards do not build credit as they are not linked to a credit - reporting system. They are mainly for spending money that is already loaded onto the card.
• Second question: A new cell phone is a short - term goal (easily achievable in a few months), college tuition is a medium - term goal (usually takes a few years to save for, depending on the age of the person), and a house down payment is a long - term goal (can take many years to accumulate the required amount).

Answer:

• First question: "Prepaid cards are a great way to build credit" is the false statement.
• Second question: "A new cell phone, college tuition, a house down payment" represents the goals from short - term to long - term.