Financial Literacy Quizlet ~ Vocab Test

interest rate

• the percentage of the balance on a credit card that is added to the cost of the purchase.
• a number used by lenders to rate how likely it is that a person will repay his or her debts
• A school in which students are taught the skills needed to perform a particular job
• these schools receive funding from the state government to offset the costs of running the university

vocational school

• the percentage of the balance on a credit card that is added to the cost of the purchase.
• A school in which students are taught the skills needed to perform a particular job
• these schools receive funding from the state government to offset the costs of running the university
• these schools do not receive funding from the state - they raise funds from tuition and donations

credit score

• the percentage of the balance on a credit card that is added to the cost of the purchase.
• a number used by lenders to rate how likely it is that a person will repay his or her debts
• these schools receive funding from the state government to offset the costs of running the university
• these schools do not receive funding from the state - they raise funds from tuition and donations

private school

• a number used by lenders to rate how likely it is that a person will repay his or her debts
• A school in which students are taught the skills needed to perform a particular job
• these schools receive funding from the state government to offset the costs of running the university
• these schools do not receive funding from the state - they raise funds from tuition and donations

public school

• a number used by lenders to rate how likely it is that a person will repay his or her debts
• A school in which students are taught the skills needed to perform a particular job
• these schools receive funding from the state government to offset the costs of running the university
• these schools do not receive funding from the state - they raise funds from tuition and donations

a card that allows a person to borrow a certain amount of money and pay the the borrowed money back at a later time

• debit card
• credit card
• credit history
• credit report

A detailed report of an individual's credit history. The three major bureaus are Experian, Trans Union, and Equifax

• debit card
• credit card
• credit history
• credit report

money taken out of an account, usually from a check, online payment, or Automated Teller Machine (ATM)

• withdrawal
• overdraft
• debit card
• scholarship

education beyond high school

• High school diploma

• account balance
• post-secondary education
• master's degree

money put into a bank account

• interest
• scholorship
• deposit
• debit