Financial Literacy Review

Fill in the blank. A ____ account is connected to your debit card to make purchases deposits, withdrawals, and transfers for everyday transactions.

• Loan

• Specialty

• Checkings

• Savings

Which card is issued by banks that allows you to borrow money to make purchases or withdraw cash with an understanding that the borrower will repay the lender at a later date, usually with interest?

• Credit Card

• Debit Card

• Gift Card

• OLO Card

A record of how you've handed money debt, including credit card accounts and other loans. What word best matches this definition?

• Balance Statement

• Account Statement

• Credit History

• Credit Limit

Which of of these choices contains has all the answers that affect your credit score?

• Payment History

  Credit Mix

  Age of Credit

  New Credit

• Income

  Withdrawals

  Cash Deposit

  Cash Withdrawal

• Amount Owed

  Gifts Recieved

  Taxes

  New Credit

• IRA

  401k

  Checking Account

  Age of Credit

Buying something that hope will increase in value over time? Which word matches this definition?

• Investing

• Purchasing

• Borrowing

• Depositing

Can it be risky to invest? True or False?

• True

• False

A deposit account held at a bank or financial institution, allowing customers to save money while earning interest. Which choice matches this definition?

• Savings Account

• Checking Account

• Expense Account

• Balance Account

The money you spend on products/goods, services and or other things. Which word matches this definition?

• Expense

• Income

• Payment

• Salary

A sum of cash or checks placed in a bank account. Which word matches this definition?

• Deposit

• Withdrawal

• Balance

• Expense

What is considered to be an amazing credit score?

• 740-850

• 300-579

• 679-740

• 589-669