Units 7-12 Review

What is a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports?

• credit history

• credit/FICO score

• credit report

• behavior plan

A record of the borrower's credit history from a number of sources, including banks, credit card companies, collection agencies, and governments is a:

• credit report

• credit history

• credit score

• debt plan

What is a record of a borrower's responsible repayment of debts?

• credit history

• credit report

• credit score

• debt list

The time during which your credit card issuer does not charge interest on purchases is called a: 

• grace period

• interest rate

• deadline

• minimum balance

The smallest amount of money that you have to pay each month to keep your credit card account in good standing is: 

• grace period

• APR

• interest rate

• minimum balance

What is the interest rate a person is charged for borrowing money with a credit card called?

• PLC

• MRI

• APR

• ACL

What is another term form online banking?

• electronic banking

• credit union

• overdrafting

• reconciling

What is it called when you move money from a savings account to a checking account or vice versa?

• moving

• depositing

• transfering

• withdrawing

What is a computerized service that automatically deducts from an individual's checking account an owed recurring payment?

• auto bill pay

• transfer

• banking

• deposit

This document comes from the bank and lists all of the transactions that have cleared.

• check register

• bank statement

• overdraft protection

• reconciliation form