Credit andDebit

This type of monetary transaction tool deducts purchases directly from your checking account:

• credit card
• debit card
• prepaid card

Get it now; pay later.

• credit card
• debit card
• prepaid card

Your credit report is available to anyone.

• True
• False

This is a fee that some, BUT NOT ALL, credit card issuers charge to use their credit card.

• grace period
• annual fee
• interest rate

The maximum amount you are allowed to carry as a balance on the card.

• grace period
• annual fee
• interest rate
• credit line

The period of time between billing statement date & payment due date before interest is charged

• grace period
• annual fee
• interest rate
• credit line

What helps your credit history?

• bankruptcy
• paying bills late
• paying bills on time

Your total credit should not exceed 20% of your net pay minus rent.

• True
• False

Used to ADD funds to a bank account

• deposit slip
• check
• debit card

Getting money from an ATM is similar to:

• writing a check
• borrowing from your parents