Bank
Credit and loan
Credit Rick
Vocab
100

One of the factors people use when choosing a bank.

What is location, convenience, rates, or fees?


100

The agility to borrow money or access goods/services with the promise to repay later.

What is Credit.

100

What methods of payments give instant payment?

what is all payment methods.

100

Something that we dire but that is not necessary for survival.

what is Want?

200

The limit of money deposited in a bank that is insured by the FDIC.

What is $100,000.00?

200

What does DTI stand for?

What is Debt to Income.

200

A Written and signed instrument that direct a bank to pay a specific amount?

What is a Check.

200

People who decide to combine resources to create new goods and services.

What is Entrepreneurs.

300

This should be performed monthly to ensure proper record keeping and help protect against identity theft.

What is a bank reconciliation?

300

A sum of money borrowed that is expected to be paid back with interest.

what is a loan.

300

A Methods of Payment that's not your money?

What is Credit

300

A expense that stay the same for a time period.

What is fixed cost.

400

A request for your bank to pay another party from funds in your account.

What is a check?

400

The percentage changed on top of the borrowed amount.

What is Interest Rate.

400

Free

Good choice.

400

The knowledge and skill gained through education and experience?

Human Capital.

500

his happens when you write checks for more money than is in your account.

What is an overdraft?

500

A measure of how suitable a person is to receive financeable. 

What is Credit worthiness.

500

what are you doing when Improving your Credit score by demonstrating responsible use of credit?

what is Credit Building.

500

What is the amount of money made after tax deductions.

What is Net income.