C3L4 Credit Cards

C3L4 Credit Cards

Assessment

Flashcard

Business

10th Grade

Hard

Created by

Gail Stires

FREE Resource

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4 questions

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1.

FLASHCARD QUESTION

Front

impulse buying

Back

buying something without planning to do so in advance, on a whim

2.

FLASHCARD QUESTION

Front

revolving charge account

Back

a credit card account that does NOT have to be paid in full each month, but accrues finance charges when is not (paid in full each month)

3.

FLASHCARD QUESTION

Front

charge card

Back

a credit card that does have to be paid in full each month (and interest is NOT charged)

4.

FLASHCARD QUESTION

Front

debit card

Back

a card that serves as an electronic check; money comes from the holder's account (NOT credit).