Credit and Debt Quiz

............................. is an amount of money received by anyone who saves money in a bank within a period of time.

• compound interest

• Simple interest

• money interest

............................ is an interest received from the savings and interest collected each year.

• Compound interest

• simple interest

• money interest

The ................. is a loan convenience by the bank.

• Phone

• debit card

• credit card

• farley card

.............. is a type of loan.

• money

• cash

• Credit

......... is a loan needed to be paid by someone.

• cash

• Debt

• Money

What happen if we late pay for credit card?

• nothing happen

• get you profit

• late payment charge

Purchasing via cash will get you in debt. True or False ?

• true

• false

Purchasing via credit will not in debt. True or false?

• false

• true

Purchasing via cash will get you paying for the actual price. True or False?

• True

• False

Purchasing via credit will get you interest imposed. True or false?

• True

• False