Banking
Banking
Credit
Credit Management
Credit Rights
100
The most common type of bank account where money grows through interest (very slowly)
Savings Account
100
A good bank will not charge you checking account _______
fees
100
This type of credit involves buying a home
Mortgage
100
How many "big" credit bureaus are there?
Three
100
True/False . . . you are entitled to one free report form each of the "big three" credit bureaus per year
True
200
A common type of bank account that gains no interests and is used to pay most of our bills
Checking Account
200
A good bank will not charge you just to ________ money from an ATM
Withdraw
200
This type of credit is a fixed amount that is immediately available but meant to be paid back by a certain date.
Loan
200
Credit Bureaus gather information on your __________ history
repayment
200
True or False...you have the right to a free report if you are rejected from a credit application
True
300
A card that is connected to a checking account and represents real money, not a line of credit
Debit card
300
A good bank will provide _________ access in order to allow you to move and use your money
mobile
300
This type of credit is "store specific" and available as soon as it is paid beneath the limit
Line of credit
300
Credit Bureaus gather information on outstanding ________ collections
Debt
300
True or False...you may not get a credit report if you are on welfare
False
400
The machine used to give out cash through the use of "cards and pins"
ATM
400
You must choose a bank that is __________ by the federal govt. Meaning that your money is protected up to 250,000 dollars per account
Insured
400
This is the most common type of credit that we deal with in our lives
Credit Cards
400
Credit Bureaus gather information on how much __________ you are currently using
Credit
400
A federal law that defines how credit bureaus are supposed to operate
Fair Credit Reporting Act
500
What is the most important factor in choosing a bank
Location
500
What are the two groups that insure banks and credit unions
FDIC and the NCUA
500
An organization that formulates a report based on your credit risk
Credit Bureau
500
Credit Bureaus also collect information on _________ _________ including bankruptcies and tax liens
Public Records
500
The Fair and Accurate Credit Transactions Act (FACTA) gives you access to ________ __________ for free as long as you meet certain circumstances
Credit Reports
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