Credit
Credit cards are used to _____ money from the bank.
What is borrow?
Debit cards are connected to your ________ account.
What is checking?
A budget is a ________.
Plan for your money
Adding money to your bank account.
What is deposit?
Sandra is planning to attend a state university and received financial assistance from the government to pay for her education. After she graduates, Sandra will repay the money she received along with interest accrued on the money. What type of financial assistance did Sandra receive?
A. Scholarship B. Work-study
C. Student loan D. Grant
C. Student loan
This is what you get if you don't pay off your whole credit card balance every month.
What is bad interest?
This is a number you set that is used to access your debit card.
What is a PIN?
You should always spend money on your _____ before your _______.
What is needs and wants?
Taking money out of your bank account.
What is withdrawal?
Mr. Irons is planning to take out a loan to buy a car. At the car dealership, he must sign a statement giving permission to check his credit report. Which statement best describes why the car dealership wants to check his credit?
A. To determine if Mr. Irons is a safe driver
B. To decide how much money Mr. Irons earns
C. To determine if Mr. Irons can afford the car
D. To determine the likelihood of Mr. Irons paying back the loan on the car
D. To determine the likelihood of Mr. Irons paying back the loan on the car
This is what you HAVE to pay every month.
What is the minimum balance?
Debit cards can be used to access _____ to withdraw cash from your account without visiting a bank.
What are ATMs?
Needs are things that are required for _________.
What is survival?
This is what you get every year based on how much money you have in your savings account.
What is good interest?
Marcy is taking part in a summer movie club. She will earn 3 points for each movie she attends throughout the summer. Which equation represents the relationship between y, the total points, and x the number of movies?
A. y = 3x B. y = 3 + x C. x = 3y D. x = y + 3
A. y = 3x
This is what we call the amount of money the bank lends you every month.
What is credit limit?
If you try to spend more money than you have with your debit card, you might have to pay this.
What is an overdraft fee?
Wants are things that are not required for survival, but improve this.
What is quality of life?
Savings accounts are for these kinds of goals.
What are long-term goals?
Mrs. Wright is analyzing the features of credit cards and debit cards. Which of the following is NOT true?
A. Credit card purchases are subject to interest.
B. Debit card purchases immediately withdraw money from your bank account.
C. Credit card purchases are subject to a credit limit.
B. Debit card purchases immediately withdraw money from your bank account.
This is how many credit cards BECU offers.
What is 4?
This is a card that can be used in place of cash that does not connect to your bank account, does not borrow money from the bank, and has a pre-set amount of money on it.
What is a prepaid debit card?
Insurance does this for you.
What is makes unexpected accidents cheaper?
These are the two banks that we looked at savings accounts from.
What are BECU and Wells Fargo?
Ms. Meeks, Mr. Booker, and Ms. Bates are responsible for providing school supplies for students out of their salary.
True
False
False