Your Credit score is also called your ______ Score?
FICO
100
A _____ card is a card that uses money directly from your banks checking account
Debit
100
A _____ is an agreement between a borrower and a lender, where the borrower agrees to repay money with interest over time.
Loan
100
Short term goals are considered to be how long in length? (How many months)
3-6 months
100
To _______ money is to take money out of an account.
Withdrawal
200
Taking out a loan will have a positive or negative effect on your credit initially?
Negative effect initially
200
A payment made or owed is known as a ________?
Debit
200
Mid term financial goals are considered to be how long? (How many months)
6-12 months
200
A _______ is to put money into your account
Deposit
300
A ______ is an individual or business that lends money or extends credit.
Creditor
300
To make a withdrawal from your account using your money one may use an ATM. ATM stands for?
Automated Teller Machine
300
A ______ is a second person that signs a loan application but is also responsible for repaying the debt.
Co-Signer
300
Long term financial goals are considered to be how long? (How many years)
1 to 5 years
300
A _____ ______ is an account that allows a customer to deposit or withdraw money and earn interest on the balance
Joint Account
400
Your _______ is a written record of a person's use of credit.
Credit History
400
A debit card charges you a fee to use. True or False?
False. Credit cards charge a fee!
400
The _______ amount of a loan is the total amount of money borrowed, loaned, or invested, not including interest or service charges.
Principal
400
A salary represents the amount of money you make in a _____?
Year
400
A bad check is a check written with _____ ________ (not enough money). If some tries to cash the check it will “bounce "meaning not go through.
Insufficient funds
500
The ______ is the amount of money paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. (How much it cost you to borrow money)
Interest
500
A debit card requires a PIN. What does a PIN mean?
Personal Identification Number
500
The ______ of a loan is the period of time over which a loan is scheduled to be repaid.
Term
500
A _______ is an estimate of income and expenses for a set period of time.
Budget
500
An ______ is a banking service that allows customers money to be handled and tracked. These include checking and savings.