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Vocabulary
Choosing a Bank
Protecting Your Credit
Wages, Salaries and Careers
100
To take money out of an account.
What is withdrawal.
100

A fee that is charged to your account when it is below your balance. 

What is an overdraft fee? 

100
Information about how a consumer has borrowed and repaid debt.
What is a credit history.
100

Your wages before payroll deductions. 

What is Gross Pay?

200
An account at a financial institution that allows for withdrawals and deposits.
What is a checking account?
200
Sarah has a bank account that charges $2 for nonbank ATM withdrawals. Last month, Sarah paid $12 in ATM fees. How many nonbank ATM withdrawals did she make?
6 withdrawals
200
Which of the following can have a negative effect on your credit score? A. Having low debt B. Making late payments C. Paying debt on time
Making late payments
200

Your monthly rent is considered a ____ expense. 

Fixed 

300

Paying yourself first, tracking your spending and 50/30/10 methods are strategies for ______

What is Budgeting 

300

An interest-bearing deposit account held at a bank or other financial institution

What is a savings account?

300
A number based on information in a consumer's credit report that measures a consumer's credit worthiness.
What is a credit score?
300
A monetary award to a student to support their education and is based on their achievements?
What is a scholarship?
400
A report containing detailed information on a person's credit history.
What is a credit report.
400
Mark has $54.78 in his checking account and needs to buy new basketball shoes before the game. The shoes will cost $80. Which card could he use?
A credit card because the cost of the purchase is more than he has in his account.
400

The percentage of the amount of money loaned charged by the lender for the use of its money. The principal is

What is interest rates? 

400

An employee that gets paid a set amount of compensation for their work instead of an hourly rate.

What is a salaried employee? 

500
A program in which students are able to work at jobs on campus to make money to pay for college tuition.
What is a work-study program?
500
An electronic card issued by a financial institution that allows a customer to access their account to withdraw cash or pay for goods and services.
What is a debit card?
500
Name the three types of information that are found on a credit report.
Employment information, Personal information and Credit History
500
Oliver earns $800 per week. He works 25 hours per week. How much money does Oliver earn per hour?
$32 per hour