Personal Finance Review

The main difference between a credit card and debit card is

• A debit card requires that you have the cash available in the account; a credit card doesn't
• A credit card has the Visa or MasterCard logo; a debit card doesn’t
• A debit card does not offer the same protections as a credit card.
• A credit card requires that you have the cash available in the account, a debit card doesn't

A plan for saving and spending in order to know where all your monthly income is going. 

• Savings Account
• Budget
• CD
• NONE

A ____ is an IOU for specified amount of time (can be from the government or companies to finance projects), during which the issuer makes regular interest payments and the investor receives regular interest payments.

• budget
• bond
• copay
• stock

Borrowing money that you have to pay back later with interest. 

• Credit
• Debit

Ownership in a company, used to raise funds for a company. Higher risk than some investments, but also the chance of a higher return. 

• Stocks
• Bonds
• Mutual Funds
• CDs

What is a credit score?

• a three-digit score that tells lenders how much money you make each year.

• A five-digit numerical rating that reflects how likely you are to repay your debt.

• A three-digit numerical rating that reflects how likely you are to repay your debt.

• A credit score is a five-digit numerical rating that reflects how likely you are to fail at paying your debts

What is insurance?

• A service purchased to protect assets and income against financial loss.

• A type of savings account where you put aside money for emergencies.

• A type of investment account where you can buy shares of stock.

• A kind of taxes charged by the government.

Bad credit can affect your ability to 

• Buy a home
• Get a job
• Get a loan
• All of the above

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Customer received the email attached from the address [e-mail].

This email is an example of phishing.

• True

• False

This is the type of fraud where the scammer trick the customer into providing their personal information.

• Account takeover

• Friendly Fraud

• phishing

• Pastebin