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Money is withdrawn directly from a checking or savings account.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When money is withdrawn from the bank account and the available balance goes below zero, what is this situation called? Options: Micro-Finance, 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

$total = 1200 + (1200 * 0.08 * 2) = 1392

Front

Find the following Balance:
$600 invested at 6% compounded annually for 7 years.

Back

$902.18

Front

Time frame reflected on a person's paycheck.

Back

pay period