Show:
Vocabulary
Debit vs. Credit
Checks
Credit Pros vs. Cons
Debit Pros vs. Cons
100
A business that provides money-related services
What is a bank
100
An immediate electronic transfer of money
What is debit
100
Below the "pay to order" line what is form of writing is used to write out a number
What is standard form
100
Buy now, pay later
What is a pro
100
if number is stolen, money can be withdrawn
What is a con
200
A fee received or paid for the use of money
What is interest
200
Basically a a paper check but doesn't require half the time
What is debit
200
The response on the memo line
What is the purpose of the check
200
Buy now, pay now
What is pro
300
An electronic way to view account activity and pay bills via the internet and an institution's website
What is online banking
300
Provides a preapproved credit
What is credit
300
The information in the upper left hand corner
What is personal information
300
Doesn't need cash on hand
What is a pro
300
No annual fee
What is a pro
400
A legal process that gives debtor protection from creditors
What is bankruptcy
400
A buy now and pay later
What is credit
400
Needed to finalize the check
What is a signature
400
Annual fees may apply
What is con
400
No interest charges
What is a pro
500
An online payment service that allows consumers to transfer money electronically
What is PayPal
500
Must have money in the account to use
What is debit
500
What should always be used to write a check
What is a pen
500
Missed payments affect credit rating
What is a con
500
Monthly maintenance and overdraft fees can apply
What is a con