JA section 3

What is the money called that banks charge on loans?

• insurance
• interest
• debit
• change

What is the main difference between a bank and a credit union?

• banks don't do car loans
• credit unions don't have debit
• credit unions don't have loans
• banks are for profit, credit unions aren't

What is the main reason people use credit cards?

• buy now, pay later
• like to pay more
• love interest charges
• don't know what a debit card is

If someone robbed the bank and took all the money, your money in that bank would still be safe. Why?

• rich bankers would pay you back
• banks are insured by the government
• you would hunt down the robbers
• Scooby Doo would find the robbers

A debit card purchase is taken from your _________

• bonds
• stocks
• checking account
• savings account

How much interest is charged on a debit purchase?

• none
• 5%
• 1%
• 10%

One advantage of credit cards over debit cards is that credit cards _______________

• are Visa and debits aren't
• can make you pay more for something
• charge interest
• help build a credit score

This card uses a pin number and allows you to get cash back.

• credit
• debit
• American Express
• Discover

Your chances of getting a loan depend on what?

• credit score
• nice banker
• your family
• your grades

When you write a check, "pay to the order of" is where you put what? 

• the name of the person/company getting the check
• your signature
• the amount in numbers
• the amount spelled out