Finance: Economics and You Quiz 1

A charge or payment for services

• Fee

• Credit

• Deposit

• Withdraw

Ability of a customer to get goods or services before paying, based on the trust that payment will be made in the future

• Fee

• Credit

• Deposit

• Withdraw

to put money into an account

• Fee

• Credit

• Deposit

• Withdraw

to pull out money from an account

• Fee

• Credit

• Deposit

• Withdraw

Annual

• Once a year

• Once a month

• Once every other week

• Once a day

Money paid regularly to use lent money or for delaying the repayment of a debt/loan

• Interest

• Fee

• Deposit

• Withdraw

The smallest required payment you can pay on a monthly bill

• Minimum Payment

• Balance Owed

• Checking Account

• Savings Account

Total amount you have borrowed and need to pay back

• Minimum Payment

• Balance Owed

• Checking Account

• Savings Account

Type of bank account where your main transactions come out of

• Minimum Payment

• Balance Owed

• Checking Account

• Savings Account

Type of bank account that earns interest

• Minimum Payment

• Balance Owed

• Checking Account

• Savings Account