Review for Test: Financial Literacy

What is a bank account that customers use for daily financial transactions?

• withdrawal

• checking account

• debit card

• deposit

What is a plastic payment card linked to a financial institution's account for transactions?

• withdrawal

• checking account

• debit card

• deposit

What is money added to an account?

• withdrawal

• checking account

• debit card

• deposit

What is money taken out of an account?

• withdrawal

• checking account

• debit card

• deposit

What is moving money from one account to another?

• credit

• credit report

• transfer

• balance

What is the amount of money in an account after each transaction?

• credit

• credit report

• transfer

• balance

What is the ability to obtain money, property, or services with the promise to repay?

• credit

• credit report

• transfer

• balance

What is the summary of a person's financial history that includes personal information, financial information, and employment information?

• credit

• credit report

• transfer

• balance

What is a numerical score based on credit history?

• scholarship

• grant

• credit score

• revenue

What is money given to students on the basis of achievement?

• scholarship

• grant

• credit score

• revenue