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Thursday, July 29, 2010
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FAQs Minimize
Q1.

Can I open a checking account if I’m under 18?
 


Q2.

Can I use a bank to help me build my credit?
 


Q3.

When asked “credit or debit” when using my debit card and I say “credit,” does it mean I have a credit card as well? 
 


Q4.

When I overdraw my account does it affect my credit score?
 


Q5.

What is overdraft protection?
 


Q6.

Is it possible to overdraw my checking account when using my debit card?
 


Q7.

If I own common stock in a company, and the company goes bankrupt, do I lose all my money?
 


Q8.

What about being a day trader?  Can you really make money doing that?
 


Q9.

Should I be a long term investor?  Does that mean never sell even when the stock goes up?
 


Q10.

What is the safest investment I can make?
 


Q11.

If I buy a car, do I have to buy insurance?
 


Q12.

How much liability coverage is enough?
 


Q13.

What is a deductible?
 


Q14.

What is comprehensive and collision insurance?
 


Q15.

Do I need health insurance?
 


Q16.

Do I need life insurance?
 


Q17.

What is a premium?
 


Q18.

What is liability insurance?
 

  

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