PF- Banking and Credit Review

Front

Which account is usually to your checks and direct deposit, and is for money coming in and out?

Back

Checking Account

Front

Which account is meant to accumulate a small amount of interest and houses your money for future needs?

Back

Savings Account

Front

The initial deposit interest is collected on is called the

Back

Principal

Front

Which of the following is a savings option? Money Market Account, Certificates of Deposit, IRA (individual retirement account), All of the above

Back

All of the above

Front

The FDIC stands for the

Back

Federal Deposit Insurance Corporation

Front

This type of credit requires payment of a fixed monthly amount (or more), until the principal is paid off in full.

Back

Non-Revolving Credit

Front

This type of credit refers to loans secured by an asset (collateral)

Back

Secured Credit

Front

Credit cards represent ___________ while a mortgage represents _______

Back

Revolving Credit... Non-Revolving Credit

Front

A FICO score is a number between 0 and 800, between 100 and 800, between 300 and 800, or between 300 and 850?

Back

Between 300 and 850

Front

Which number represents who you are paying the check to?

Back

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