Personal Finance SGM

Front

What kind of account is your Debit account linked to?

Back

Checking Account

Front

Money is withdrawn directly from a checking or savings account. Options: Debit Card, Credit Card

Back

Debit Card

Front

Each purchase is a loan that is repaid later. Options: Debit Card, Credit Card

Back

Credit Card

Front

What does APR stand for?

Back

Annual Percentage Rate

Front

How can you avoid paying interest on a credit card?

Back

Pay the full balance every month.

Front

When money is withdrawn from the bank account and the available balance goes below zero, what is this called? Options: Micro-Finance, Overdraft, Government subsidies, Share capital, Loan Capital

Back

Overdraft

Front

What is the average overdraft protection fee?

Back

$25

Front

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Back

$1392

Front

Is it best to pay more than the minimum amount due on your credit card?

Back

Yes, it is best to pay more than the minimum amount due on your credit card.

Front

Time frame on a person's paycheck.

Back

pay period