Credit and Debit

Front

Productive resources are limited. What does this imply?

Back

The economic way of thinking.

Front

People cannot have anything they want, is the...

Back

The economic way of thinking

Front

People must make choices, is the...

Back

The economic way of thinking

Front

Every choice involves a cost, is the...

Back

The economic way of thinking

Front

Choices have consequences, is the...

Back

The economic way of thinking

Front

People respond to incentives, is the...

Back

The economic way of thinking

Front

Using a ₁₎______ ____ you will receive a ₂₎_______ with the total amount due, the ₃₎_______ payment due and when the payment is due. Fill in the blanks.

Back

₁₎ Credit Card ₂₎ Statement ₃₎ Minimum

Front

_________ is paying for the use of money over a period of time. If you pay the total amount due on or before the due date, you will avoid paying _________ on your credit card bill.

Back

Interest

Front

If you only pay the _______ amount due on your credit card, you will have to pay on the remaining amount plus the interest on your next month’s bill.

Back

Minimum

Front

Making more than your _______ _______ each month saves you more in the long run.

Back

Minimum Payment