Credit
What is Credit?
The Practice of making a purchase now and paying for it later.
what is interest?
the price you pay to borrow money or the return earned on savings and investments.
if you lose your credit card you must _______
call your bank
can make purchases overseas.
upside
What year was Catalina High School founded?
September 1955
What is APR?
Annual Percentage Rate, The interest rate charged on borrowed money over the course of a year.
how do credit cards work?
they are loans from the bank to you, that you pay later
what should you do with a credit card that doesnt work anymore?
cut it into pieces and throw it away
buy now pay later
upside
What year did the Cold War end?
1989
What is Capital?
It refers to your financial capital including income, savings, investments and property.
what's a cosigner?
someone who legally agrees to take responsability for a person's debt if they cannot pay.
is overspending money from your bank account a credit mistake or an upside.
credit mistake
it's easy to over spend
downside
What is the Highest-grossing income movie of all time?
Avengers: Endgame
A per year charge for the use of the credit card?
what is a credit score?
a three-digit number designed to represent the likelihood you will pay your bills on time
minimum payment
the lest amount you can pay on your fee
you can stablish a favorable credit history
upside
What year did Facebook Launch?
2004
What is a Grace Period?
It is the time between the billing date and the day your payment is due.
the lower your credit score, the higher the___________.
intrest you'll pay.
350-850
credit score
if you dont know how you use it you may get in a lotta debt
downside
Who was the first Woman to win a nobel prize?
Marie Curie