Credit Wise

The best suggestion you gave a friend who is writing a check for the first time is:

• A.  Date the check because it is usually proof of payment
• B.  Use pencil to permit changes
• C.  Make the check payable to cash
• D.  Use the checkbook stub or register to keep a record of the date you write the check

Money for saving, investing, or spending cannot be from:

• A.  An inheritance from someone who has died
• B.  Discretionary income or a gift of money  
• C.  Capital gains from a sale of stock
• D.  Capital losses from the sale of stock  

Amount charged if your payment is received after the billing date

• late payment fee
• overdue fee
• withdrawal fee
• loser fee

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

The amount based on the percentage of the outstanding balance, or a minimum fixed amount

• minimum monthly fee
• minimum monthly payment
• minimum monthly statement
• minimum monthly charge

The financial institution where Ms. Sanchez has her checking account will continue to pay out money for the checks she writes as long as:

• She uses checks from her checkbook
• The financial institution has sufficient funds
• There is enough money in Ms. Sanchezs account to cover the amount of the checks
• She maintains a good record of deposits and handles her account responsibly

Tags

CCSS.6.NS.C.7A

CCSS.6.NS.C.7B

A global electronic marketplace for buying and selling securities, as well as the benchmark index for U.S. technology stocks

• NYSE
• Dow
• NASDAQ
• none of these

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

• interest
• dividend
• profit
• none of these

In a budget, snacks and entertainment are examples of which of the following?

• Flexible expenses
• Fixed expanses

The ________ is designed to make sure you have all of the information you need to make a healthy decision about borrowing money.

• Predatory Lending
• Truth In Lending Act

If you have a managed health care plan, it means that you...

• Usually must first meet with your primary care physician
• Can go to any doctor at any time
• Will be responsible for $100 of any doctor bill
• Can apply for 80% reimbursement of the amount paid to the doctor