TRUEFALSE. Write T if the statement is true and F' if the statement is false. 1) Web-only banks offer both online transactions and face-to-face transactions. 2) Making transactions using a credit card will immediately reduce your bank balance. 2) 3) A benefit of investing in a certificate of deposit is the penalty for early withdrawal. 3) 4) If you think that rates will fall in the future, you should buy a long-term CD to lock in 4 your rate now. 5) As inflation rates increase, the interest rates offered to savers usually increase 6) The Truth in Savings Act requires financial institutions to disclose the interest rate on 6) 7) The FDIC insures a depositor's savings account up to $200,000 per insured financial 7) 5) loans. institution. 8) Financial service activities through your smartphone or tablet include text banking, 8) mobile web banking, and banking apps. 9) A $200 savings account that earned $5 after one year would have a rate of return, or 9) yield, of 5 percent. TRUE/FALSE. Write T if the statement is true and 'F if the statement is false. 44) 44) The largest fixed expense associated with a new automobile is depreciation