Credit and Debit

Productive resources are limited

• The economic way of thinking

• The right way

• Everything is limited

• The productive way of thinking

People cannot have anything they want, is the...

• The right way

• The economic way of thinking

• You can't always get what you want

• The cheap way of thinking

People must make choices, is the...

• Way the live life

• The right way

• The economic way of thinking

• Making choices

Every choice involves a cost, is the...

• Fee

• Charge

• The right way

• The economic way of thinking

Choices have consequences, is the...

• The economic way of thinking

• Way to know

• Way of life

• The right way of thinking

People respond to incentives, is the...

• Motivation

• The economic way of thinking

• The right way

• The smart way of thinking

Using a ₁₎______ ____ you will receive a ₂₎_______ with the total amount due, the ₃₎_______ payment due and when the payment is due. Fill in the blanks.

• ₁₎ Debit Card ₂₎ Payment ₃₎ Maximum

• ₁₎ Gift Card ₂₎ Statement ₃₎ Minimum

• ₁₎ Credit Card ₂₎ Statement ₃₎ Minimum

• ₁₎ Credit Card ₂₎ Check ₃₎ Minimum

_________ is paying for the use of money over a period of time. If you pay the total amount due on or before the due date, you will avoid paying _________ on your credit card bill.

• Money

• Fees

• Interest

• Economic

If you only pay the _______ amount due on your credit card, you will have to pay on the remaining amount plus the interest on your next month’s bill.

• Maximum

• Least

• Full

• Minimum

Making more than your _______ _______ each month saves you more in the long run.

• Minimum Payment

• Maximum Payment

• Usual Money

• Least amount of money