Personal Finance Study Guide

Interest is a fee paid to use someone else's money.

• True

• False

A credit card is a form of money.

• True

• False

A credit card does NOT charge interest, while a debit card does charge interest.

• True

• False

A Check is identified as either ​ (a)  

• Money
• Credit

A credit card is identified as either​ (a)  

• Credit
• Money

Currency (cash) is identified as ​either (a)  

• Money
• Credit

A bank loan is identified as either ​ (a)   ​

• Credit
• Money

Coins is identified as either ​ (a)  

• Money
• Credit

A debit card is identified as either ​ (a)  

• Money
• Credit

Putting money to use in something that offers potentially profitable returns.

• income

• credit

• investing

• spending