Financial Literacy Day 1-3

What type of account allows a person to deposit money into it and withdraw money directly from the institution, write a check, or use a debit card?

• Any account at a bank

• Checking account

• Credit account

• Savings account

Which of the following words would be used to describe putting money into an account at a financial institution?

• Withdraw

• Transfer

• Deposit

• Balance

How many years will negative information be included on your credit report depending on severity?

• 7-10 years

• Forever

• 7-10 months

• 10+ years

A _______ card is similar to getting a loan. It must be paid back including interest accumulated.

A credit history includes...

• Payment history

• Number of credit cards

• All spending history

• Credit balances

What is the second step to balance a check register?

• Add deposits to the balance

• Subtract withdrawals from the balance

• Check for transfers

A ______ card withdraws money directly from your checking or savings account.

Which two of the following COULD be credit scores?

• 750

• 1,000

• 389

• 234

The ​_____ the credit score, the _____. ​

• higher

• better

• lower

• worse

Credit card statements are required to be paid back _____.