CREDIT
A PLASTIC CARD ISSUED BY A CREDIT COMPANY OR BANK
CREDIT CARD
TRUE OR FALSE: A DEBIT CARD CAN BE USED TO GET CASH MONEY
TRUE
THE ACCOUNT YOU USE FOR DAY TO DAY PURCHASES, PAYMENTS AND CASH
YOUR CHECKING ACCOUNT
MONEY THAT YOU HAVE TO PAY ON MONEY YOU BORROW
INTEREST
THE LOCATION THAT YOU BUY SOMETHING USING YOUR DEBIT CARD
POINT OF SALE
THE ACCOUNT USED FOR LONG TERM CASH STORAGE
SAVINGS ACCOUNT
THE AMOUNT OF MONEY YOU HAVE TO PAY EVERY MONTH TO THE CREDIT CARD COMPANY
MINIMUM PAYMENT
A DEBIT CARD IS CONNECTED TO WHICH KIND OF BANK ACCOUNT
A CHECKING ACCOUNT
AN ACCOUNT THAT ALLOWS YOU TO "BORROW" MONEY TO PURCHASE GOODS AND PAY IT BACK LATER WITH INTEREST
A CREDIT ACCOUNT OR CREDIT CARD
WHEN YOU PAY OFF THE ENTIRE AMOUNT AT THE END OF EVERY MONTH
PAID IN FULL
TRUE OR FALSE: A CHECK CAN ALSO BE USED TO BUY GOODS OR SERVICES
TRUE
A PAPER "PROMISE NOTE" SAYING THAT "I OWE YOU MONEY" (I.O.U.)
A CHECK
THE AMOUNT OF MONEY YOU HAVE SPENT ON YOUR CREDIT CARD
BALANCE
TRUE OR FALSE: YOUR CHECKING ACCOUNT IS USED FOR LONG TERM SAVINGS
FALSE
WHEN YOU DO NOT HAVE ENOUGH MONEY TO COVER YOUR DEBITS
OVERDRAFT