REVIEW FOR MMPE07

1. Credit cards create security against cash theft,

• TRUE
• False

2. refers to an open-ended credit account—like a credit card or other “line of credit”—that can be used and paid down repeatedly as long as the account remains open

• installment credit
• Revolving credit

3. You have two sources for money: SOMEONE ELSE OR 1. (a)   (USE UPPERCASE)

4. A Budget Surplus can be put into investment and ::1. (a)   /S (USE UPPERCASE)

5. an arrangement with a creditor that allows the creditor to periodically withdraw money from a credit card, checking or savings account to pay a bill

• direct deposit
• Checking accountk
• automatic payment

6. ATM MEANS AUTOMATED:1. (a)   :MACHINE

7. the primary cash flow management tool for most consumers, providing a way to pay for expenses and store cash until it is needed

• checking account
• Savings Deposit
• Credit card

One saving strategy is to create regular deposits into a separate account

• True
• False

9. Credit” derives from the Latin verb credere meaning TO:1. (a)   (USE UPPERCASE)

The first credit card was the Bank Americard and it is commonly known as:1. (a)   (USE UPPERCASE)