Financial Literacy

Front

True or False: Negative information stays on your credit report for 7-10 years.

Back

True

Front

A plastic payment card linked to a financial account and is used for transactions. Options: Debit Card, Credit Card, Checking Account, Savings Account

Back

Debit Card

Front

The actions of depositing and withdrawing money.

Back

Transactions

Front

To put money into an account.

Back

Deposit

Front

Which bank is better for me if I pay for lunch 20 times a month with my debit card, and do not write checks or use the ATM? Options: State Bank, Bank of Texas

Back

State Bank

Front

What would be my monthly costs if I chose to bank at Bank of Texas and use my debit card 20 times to pay for lunch?

Back

$10.00

Front

What is credit?

Back

Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date

Front

Amount charged if your payment is received after the billing date

Back

late payment fee

Front

Benefits of credit cards include: safe and convenient, bonuses are offered, allows you to build a positive credit report, needed for reservations and online shopping.

Back

all of these

Front

Your credit score is not configured off of which of the following: Payment history, Amount owed, GPA, Length of credit history

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GPA