True or False: You should carry your Social Security Card in your wallet or purse.
What is False
100
The 3 C's of Credit
What Capital, Character & Capacity
100
A cost that occurs regularly and doesn’t vary in amount
What is a Fixed Expense
200
In case of emergency, it is a good idea to set aside this amount for living expenses
What is 3 months
200
True or False: In addition to your endorsement, your account number is required when depositing a check into your account.
What is True
200
True or False: Skimming is the fastest-growing electronic-fraud risk, accounting for more than $1 billion in annual losses.
What is True
200
The FICO Score Scale
What is 300-850
200
A banking card enhanced with ATM and POS features that deducts purchases from a checking account
What is a Debit Card
300
The three types of expenses
What are Fixed, Variable, Discretionary
300
Earnings automatically deposited into bank accounts, saving time, effort and money
What is Direct Deposit
300
Name 2 ways skimming can occur.
What is a Keypad overlay, hidden camera, skimming device placed over the card reader
300
Name 2 things that can hurt a Credit Score
What are missing payments, credit cards at capacity, closing credit lines, opening numerous lines in a short time, shopping for credit, having more revolving than instalment.
300
When someone uses your personally identifying information without your permission to commit fraud or other crimes
What is Identity Theft
400
2 Examples of a "Need"
Food, Shelter, Clothing, Transportation
400
Three types of Endorsements on a Check
What are Blank, Restrictive & Special
400
Name the 3 Credit Bureau's
Who are Equifax, Experian, Transunion
400
The 3 Types of Credit
What are Single Payment, Installment, Revolving
400
One party provides resources to another party where the second party does not reimburse the first immediately
What is Credit
500
Telephone bill is an example of this type of expense.
What is a Variable Expense?
500
Three types of Financial Institutions
What are Commercial Banks, Savings Banks & Credit Unions
500
Name 3 ways your identity can be stolen
What are Dumpster Diving, Phishing, Old Fashioned Stealing, Changing your address, Skimming, Pretexting
500
Inquiries older than this number of days are lumped as one inquiry whenever they fall within a 14 to 45 day span