Financial Literacy

Front

A card that can be used to borrow money from financial institutions.

Back

credit card

Front

payments using security features on the Internet

Back

Electronic payment

Front

a bankcard linked to an individual’s checking account

Back

debit card

Front

The study of banking and money in this unit is called

Back

Financial Literacy

Front

What is the current amount of money in an account? Options: Certificate of deposit (CD), Loan, Transaction, Balance

Back

Balance

Front

(6.14C) Options: $175.25, $25.25, $632.65, $482.65

Back

$175.25

Front

Julio paid $35.92 for gasoline with his debit card. What happens to his linked account?

Back

Julio's linked account will immediately have $35.92 removed.

Front

Why is it important to establish positive credit history?

Back

All of the above: Higher credit scores result in lower interest rates on loans, positive credit history results in higher credit scores, and you are more likely to be offered a loan by a bank.

Front

How long will a negative credit action usually remain on a credit report? Options: 4 years, 7 years, 10 years, 15 years

Back

7 years

Front

Carlos had an original balance of $418.77 in his checking account. He then wrote one check for $199.81. Which check amount below would cause an overdraft of his account after writing the check for $199.81? Options: $199.81, $218.96, $209.91, $219.75

Back

$219.75