Money
Money is divisible.
divisible means __________
can be divided
This bank account pays you interest!
A savings account
Interest is an _______ charge you pay.
extra
The lower your credit score the ______ the interest rate you will pay.
__ lower
__ higher
higher
True or False?
You must have a credit card to book a fligh reservation or hotel.
True
Even if you pay cash, you still must have a credit card
Money is uniform.
Uniform means ________
the same
(it represents the same value for everyone)
This bank account is used to pay everyday bills and make purchases
A checking account
The original amount you borrow is called the p_ _ _ _ _ _ _ _.
principal
the TIME or length of loan
for example: 72 months or 30 years
Three things you can do with a credit card are:
1. make purchases
2. transfer balances
3. c_________ a__________
cash advances
Money is portable.
Portable means __________
easily carried or
able to be carried
Banks serve customers
______ Unions serve members
Credit Unions serve members
AYP means "_________ yearly _________"
Annual yearly percentage
New car interest rates are lower than used car interest rates because their is ____ risk for the bank.
_ more
_ less
less
True or False?
Credit cards from Kohls, Target, Home Depot or Best Buy are major credit cards
False
Money is durable.
durable means __________
lasts a long time
True or False?
To open a bank account, students under 18 need a ______ to co-sign.
parent or guardian
Interest rates for cars are _______ than interest rates for credit cards.
__ lower
__ higher
lower
_ more
_ less
more
Name the four major credit cards
Visa, MasterCard, AMEX, Discover
1. uniform
2. d _ _ _ _ _ ble
3. p _ _ _ able
4. d _ _ able
Money is
1. Uniform
2. divisible
3. portable
4. durable
Opening a checking or savings account now, will help you establish your ____ history.
Credit history.
Credit cards are c_________ interest.
compound
AYP means a______ y_______ p________
annual yearly percentage
When you are offered a credit card, you should ask to see the ____ & ____ so you can decide if the card is right for you.
rates and fees