Balancing a Check Register & Credit Reports (Week 2)

Front

What information would NOT appear on your credit report?

Back

Debit Card balance

Front

What is it called when you put money into your savings account?

Back

Deposit

Front

Why is it important to establish positive credit history?

Back

Positive credit history results in higher credit scores.

Front

If you have $546.24 in your checking account and write a check for $100.35, what is your new balance?

Back

$445.89

Front

If you have $106.15 in your checking account and deposit $75.00, what is your new balance?

Back

$181.15

Front

What is a credit report?

Back

A credit report is a detailed report of an individual's credit history.

Front

What is a checking account?

Back

A checking account is a bank account that allows for deposits and withdrawals.

Front

What does it mean to balance a check register?

Back

Balancing a check register means ensuring that your recorded transactions match your bank statement.

Front

What is a withdrawal?

Back

A withdrawal is the act of taking money out of a bank account.

Front

What is a credit score?

Back

A credit score is a numerical representation of a person's creditworthiness.