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100

A payment card that withdraws funds directly from your checking account. 

Debit Card 

100

On a check who is the payee

The person or company that will receive the money

100

A digital platform where users can conduct financial transactions via the internet, such as transferring money and paying bills. 

Online Banking 

100

What are goods and services that people cannot survive without called

Needs

100

A payment card allowing users to borrow funds for purchases, with repayment terms and interest. 

Credit Cards 

200

A written order instructing a bank to pay a specific amount from the writer's account. 

Check 

200

A member-owned financial institution offering services similar to banks, often providing lower fees and better interest rates. 

Credit Union 

200

Yearly charge for the use of some credit cards. 

Annual Fee 

200

A plan that takes more than a year to accomplish is called a what

Long-term goal

200

What type of income is left after your taxes, expenses, and savings have been removed

Discretionary Income

300

Money owed by one parry to another, with an agreement to pay over time. 

Debt 

300

An entity that deals with monetary transactions, such as banks, credit unions and mortgage lenders. 

Financial Institutions 

300

A financial PLAN that tracks income and expenses over a period.

Budget 

300

Making a purchase based on an  immediate want or when not planned is called what

Impulse buying

300
A numerical representation (A number) of a person's creditworthiness, based on credit history. 

Credit Score 

400

A record of a payment or withdrawal from an account. 

Debit 

400

The fee charged by a lender to a barrower for the use of money, typically expressed as a percentage of the amount borrowed. 

Interest 

400

The next best alternative given up when making a financial choice

Opportunity Cost

400

Money that is SPENT on goods, services, and bills is called an

Expenditure

400

The maximum (most) amount of credit a lender extends to a borrower. 

Credit Limit 

500

What is a "Foreclosure?" 

A legal process where a lender takes possession of a property when the borrower fails to make payments. 

500

What is "Bankruptcy?" 

A legal process where individuals or businesses declare he inability to repay debts, often resulting in asset liquidation of restructuring. 

500

What is a "Credit Report?" 

A detailed record of an individual's credit history, used by lenders to assess creditworthiness. 

500

The economic concept of limited resources available to meet unlimited wants. 

Scarcity 

500

What is a "Finance Charge?" 

Fees associated with borrowing, including interest and other costs. 

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