Financial Literacy Final

A credit card is a _______________.

• free money

• loan from the bank

• a loan from a friend

When you use a debit card the money comes out of your _________ _________.

• checking account

• certificate account

• savings account

This card is connected to your checking account and helps you keep a _________,

• file of what you want to buy

• budget

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Which card should you use for everyday expenses?

• credit card

• debit card

With this card you end up paying more money for the item, if you don't pay it off within the month.

• debit card

• credit card

You can earn reward points with this card for cash back of travel.

• credit card

• debit card

What does (APR) stand for?

• Annual page reader

• Annual percentage Rate

True or False - Some credit cards charge annual fees?

• Trus

• False

True or False - If you lose your credit card you should call customer service immediately.

• True

• False

Jacob F. lost his credit card. Someone found it and charged $200.00. What should Jacob F. do?

• Get a new card.

• Nothing! It's his fault. he lost the card.

• Call customer service immediately and report the issue.