Debit and Credit Review

Debit and Credit Review

Assessment

Flashcard

Life Skills

8th Grade

Hard

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7 questions

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1.

FLASHCARD QUESTION

Front

Which of the following refers to a bank that can only be accessed online and has NO physical branch that you can go to? Online Banking, Internet Bank, Mobile Banking, Capital One

Back

Internet Bank

2.

FLASHCARD QUESTION

Front

A _ is a not-for-profit financial institution owned by its members.

Back

credit union

3.

FLASHCARD QUESTION

Front

What is the fee paid or received for the use of money?

Back

Interest

4.

FLASHCARD QUESTION

Front

These are the pros of having a _ card:
Operates like a check or cash.
No interest charges.

Back

Debit

5.

FLASHCARD QUESTION

Front

These are the fees of having a _ card:
Flexibility to make purchases anytime and anywhere.
Grace period is usually 25 days.

Back

Credit

6.

FLASHCARD QUESTION

Front

_ is a court process and involves a lawsuit in which a bank or mortgage company seeks to take an owner’s property to satisfy a debt.

Back

foreclosure

7.

FLASHCARD QUESTION

Front

Which of these is NOT one of the three credit reporting agencies? Experian, Equifax, TransUnion

Back

Expedian