Credit vs Debit, Credit Reports, & Check Registers

• F

• G

• H

• J

• A

• B

• C

• D

• A

• B

• C

• D

Pick your answer.

• A

• B

• C

• D

Pick two answers.

• A

• B

• C

• D

Which of the following situations would give a lender a reason to check a borrower's credit history? Pick 2 answers.

• The lender wants to see how much the borrower has in his/her savings account.

• The lender wants to see if the borrower has good credit in order to get approved on a home loan.

• The lender wants to run a credit report to see what percent interest rate they should provide for a car loan.

• The lender wants to to run the credit report to see how many checking accounts he/she has open.

Credit cards have a ​ (a)   , which determines how much you can ​ (b)   . You need to make monthly​​ payments to repay the borrowed amount. Credit card transactions may have ​ (c)   if not paid in full.

• credit limit
• borrow
• interest charges
• deadly penguins
• hot people

Tags

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

Evie dislikes that ​ (a)   will charge her an overdraft fee if she accidentally spends or withdraws more than the amount in her account at the time.

• debit cards
• credit cards

Jasmine likes that ​ (a)   allow her to build a positive credit history so that she can purchase a home in the future.

• credit cards
• debit cards

Tags

CCSS.RI.8.2

CCSS.RL.7.1

CCSS.RL.7.2

CCSS.RI.7.2

CCSS.RL.8.1

Drake likes that ​ (a)   allow him to make purchases on things that he might not necessarily have the money for at the time, but knows he will later.

• credit cards
• debit cards

Tags

CCSS.RI.8.2

CCSS.RL.7.1

CCSS.RL.7.2

CCSS.RI.6.2

CCSS.RL.6.2