Credit and Debit card Test review

What is A credit Union

• An non-profit organization cooperative that provides bank related services and is owned by it's members

• A for-profit institution that offers mortgages,personal loans,and other services

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• an institution that charges massive amounts of interest

What is a Bank

• A for-profit institution that provides mortgages personal loans and other financial services

• If you don't know click here and you will be forwarded to the social studies help hotline (You will be on hold for the rest of your life)

• A non-profit organization that offers bank related services and is owned by its members

• You should know this if you have been studying

What is A financial Institution

• An institution that is legitimately made out of pure gold their head quarters is the most expensive building ever built

• A business that provides money related services

• If you don't know this ask Mrs. Permada

• Why don't you know this

What does A Credit Card offer

• If you do not know the answer to this question quick here and your wildest dreams will come true

• STUDY HARDER

• Money is drawn directly from the savings account or checking account a PIN is required, Fees may be charged for overdraft

• Each purchase is a loan that can be repaid later,interest is charged if balance is not paid each month,consumers can purchase items now and pay for them later.

What does A Debit Card offer

• you can print infinite amounts of money and make your country super rich.

• Money is drawn Directly from debt and the government and you don't need to worry about paying them back

• Money is drawn directly from the savings account or checking account, a PIN is required, Fees may be charged for overdraft

• Sometimes we all make mistakes please don't make one now

Main advantages of A credit card

• It can help credit history and it improves your credit score and if you run into an oops you will have emergency money.

• using your own money

• If you don’t pay on time or if you don’t pay enough your credit score goes down

• could acquire overdraft fees, and ATM charges if you try to take money out of an ATM that is not in your ATM network (additional charges for out-of network banks).

Main advantages of a Debit Card

• Using your own money

• Could acquire overdraft fees, and ATM charges if you try to take money out of an ATM that is not in your ATM network (additional charges for out-of network banks).

• BANKRUPTCY

• FORECLOSURE.

Main Disadvantages of A credit card

• If you don’t pay on time or if you don’t pay enough your credit score goes down

• It can help credit history and it improves your credit score and if you run into an oops you will have emergency money

• Using your money

• BANKRUPTCY

What is Bankrupcy

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• protection may be imposed by a court. According to the Federal Trade Commission (FTC), consumers must get credit counseling from a government-approved organization and complete a debtor education course before debts are cleared.

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• Why don't you know

What is Foreclosure

• Why dont you know

• BANKRUPCY

• a court process and involves a lawsuit in which a bank or mortgage company seeks to take an owner’s property to satisfy a debt.

• could acquire overdraft fees, and ATM charges if you try to take money out of an ATM that is not in your ATM network (additional charges for out-of network banks).