Travel Travel Budgeting & Financial Planning 2 — Questions and Answers
Question 1: What is a 'hidden city' airfare ticketing strategy?
- Booking a flight with a layover in your actual destination and not taking the final leg (Correct answer)
- Using incognito mode to find cheaper fares
- Flying standby on international routes
- Booking through a third-party site at a discount
Correct answer: Booking a flight with a layover in your actual destination and not taking the final leg
Hidden city ticketing involves booking a cheaper connecting flight where the stopover is your true destination, then skipping the final leg.
Question 2: Which type of accommodation typically offers the best value for budget travelers staying for a week or more?
- Five-star resort
- Airport hotel
- Vacation rental (Airbnb/VRBO) or apartment rental (Correct answer)
- Motel on a highway
Correct answer: Vacation rental (Airbnb/VRBO) or apartment rental
Vacation rentals and apartment rentals typically offer the best value for week-long stays by including kitchen facilities that reduce dining costs.
Question 3: What is the most important factor to check before booking a 'budget airline' ticket?
- The airline's logo design
- Total cost including all mandatory fees and baggage charges (Correct answer)
- The plane model used
- Whether the airline serves alcohol
Correct answer: Total cost including all mandatory fees and baggage charges
Budget airlines frequently add mandatory fees for seat selection, carry-on bags, and checked luggage that can double or triple the advertised base fare.
Question 4: What does a 'travel rewards program' allow frequent travelers to accumulate?
- Discounts on food only
- Miles or points redeemable for free or discounted travel and upgrades (Correct answer)
- Free travel visas
- Hotel employee discounts
Correct answer: Miles or points redeemable for free or discounted travel and upgrades
Travel rewards programs allow travelers to accumulate miles or points from purchases that can be redeemed for free flights, hotel stays, and upgrades.
Question 5: Which strategy best minimizes ATM fees when accessing cash abroad?
- Use any ATM and pay all fees
- Use a bank account with ATM fee reimbursement like Charles Schwab (Correct answer)
- Always exchange currency at the airport
- Use traveler's checks exclusively
Correct answer: Use a bank account with ATM fee reimbursement like Charles Schwab
Bank accounts like Charles Schwab's checking account reimburse all ATM fees worldwide, making them ideal for international cash withdrawals.
Question 6: What does 'shoulder season' mean in travel budgeting?
- The most expensive peak travel period
- The off-season when destinations are closed
- The period between peak and off-season offering better prices with good conditions (Correct answer)
- A summer travel discount program
Correct answer: The period between peak and off-season offering better prices with good conditions
Shoulder season refers to the transitional period between peak and off-season when prices drop while weather and conditions remain reasonably favorable.
Travel Travel Budgeting & Financial Planning 2
What is a 'hidden city' airfare ticketing strategy?