WorksheetsDebit and Credit Review
Total questions: 10
Worksheet time: 15mins
Which of the following refers to a bank that can only be accessed online and has NO physical branch that you can go to?
Online Banking
Internet Bank
Mobile Banking
Capital One
A _ is a not-for-profit financial institution owned by its members.
(a)
What is the fee paid or received for the use of money?
Late Fee
Overdraft Fee
Interest
Annual Fee
These are the pros of having a _ card:
Operates like a check or cash.
No interest charges.
Credit
Debit
What is the difference between a credit score and a credit report?
These are the fees of having a _ card:
Flexibility to make purchases anytime and anywhere.
Grace period is usually 25 days.
Debit
Credit
_ is a court process and involves a lawsuit in which a bank or mortgage company seeks to take an owner’s property to satisfy a debt.
(a)
Which of these is NOT one of the three credit reporting agencies?
Experian
Expedian
Equifax
TransUnion
Which of the following would be a way to help build a strong credit history?
(Hint: There's more than one correct answer.)
Pay your bill on time.
Open multiple credit cards in one day.
Exceed or come very close to your credit limit each month.
Not spending more than you can afford.
What is the purpose of a credit score?
