Credit cards and fraud
RISK AND INSURANCE
SOURCES OF INCOME AND TAXES
COLLEGE FINANCING AND JOB SEARCH
BANKS BASICS
100

A plastic card issued by a bank allowing you to purchase goods or services on credit?

Credit Card

100

Protection against financial loss from events such as accidents, theft, or natural disasters?

Insurance

100

Money earned from working a job?

 Salary or Wages

100

"Money awarded to students based on academic or other achievements that does not need to be repaid?

Scholarship

100

A financial institution that holds and manages money for individuals and businesses?

Bank

200

The maximum amount you can charge on your credit card?

Credit Limit

200

The amount you pay regularly to keep your insurance policy active?

Premium

200

Money received from investments such as stocks or bonds?

Investment Income

200

A loan specifically for paying college tuition and other educational expenses?

Student Loan

200

A bank account that earns interest on the money deposited?

Savings Account

300

A charge added to your balance if you don't pay off your credit card bill in full by the due date?

 Interest

300

The amount you must pay out-of-pocket before your insurance covers the remaining costs?

Deductible

300

A tax levied by the government on personal income?

Income Tax

300

A form of financial aid that must be repaid with interest?

Loan

300

A bank account used for daily transactions, such as paying bills and making purchases?

Checking Account



400

Unauthorized use of your credit card information to make purchases or withdraw cash?

Credit Card Fraud

400

The process of evaluating the likelihood of a claim being made and the potential cost?

Risk Assessment

400

Money received regularly from the government after retirement?

Pension

400

A summary of your education, work experience, and skills that you submit when applying for a job?

Resume

400

The fee charged by a bank for its services or for borrowing money?

Interest

500

A unique feature used to verify your identity and prevent fraudulent transactions when making purchases?

CVV (Card Verification Value)

500

A written contract between you and the insurance company detailing the terms of your coverage?

Insurance Policy

500

A deduction allowed by the government to reduce taxable income, often for expenses like mortgage interest or charitable donations?

Tax Deduction

500

A meeting where employers interview potential employees to determine if they are a good fit for a job?

Job Interview

500

An electronic machine that allows bank customers to perform financial transactions without needing a teller?

ATM (Automated Teller Machine)