CM Fall Final Review (The deluxe enchilada)

Front

A money principle to keep in mind is to live on ______ you make

Back

less than

Front

What causes you to have money is you...

Back

kept some of it

Front

A yearly fee thatʹs charged by the credit card company for the convenience of the credit card

Back

annual fee

Front

Teens are a huge target of credit card companies today.

Back

True

Front

Commission is based on _____

Back

the total sales (in dollars)

Front

What is the importance of budgeting?

Back

Budgeting helps manage income and expenses effectively.

Front

Define 'interest rate'.

Back

The percentage charged on borrowed money or earned on savings.

Front

What is a credit score?

Back

A numerical representation of a person's creditworthiness.

Front

What does it mean to 'save money'?

Back

To set aside a portion of income for future use.

Front

What is the difference between a debit card and a credit card?

Back

A debit card withdraws money directly from your bank account, while a credit card allows you to borrow money up to a limit.