
Financial Literacy Flashcard
Flashcard
•
Business
•
12th Grade
•
Hard
Wayground Content
FREE Resource
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the term for the percentage charged on a loan or paid on an investment?
Back
Interest Rate
2.
FLASHCARD QUESTION
Front
What is the time period called during which no interest is charged on a credit card balance?
Back
Grace Period
3.
FLASHCARD QUESTION
Front
What is the smallest amount you can pay on a credit card bill to avoid penalties?
Back
Minimum Payment
4.
FLASHCARD QUESTION
Front
What is the maximum amount you can borrow on a credit card?
Back
Credit Limit
5.
FLASHCARD QUESTION
Front
What is an additional payment or reward given to employees?
Back
Bonus
6.
FLASHCARD QUESTION
Front
What is a plastic card that allows you to borrow money up to a certain limit?
Back
Credit Card
7.
FLASHCARD QUESTION
Front
What is a plastic card that deducts money directly from your bank account?
Back
Debit Card
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