JA section 3

Front

What is the money called that banks charge on loans?

Back

interest

Front

What is the main difference between a bank and a credit union?

Back

banks are for profit, credit unions aren't

Front

What is the main reason people use credit cards? Options: buy now, pay later, like to pay more, love interest charges, don't know what a debit card is

Back

buy now, pay later

Front

If someone robbed the bank and took all the money, your money in that bank would still be safe. Why?

Back

banks are insured by the government

Front

A debit card purchase is taken from your _________

Back

checking account

Front

How much interest is charged on a debit purchase?

Back

none

Front

One advantage of credit cards over debit cards is that credit cards _______________

Back

help build a credit score

Front

This card uses a pin number and allows you to get cash back.

Back

debit

Front

Your chances of getting a loan depend on what? Options: credit score, nice banker, your family, your grades

Back

credit score

Front

When you write a check, "pay to the order of" is where you put what?

Back

the name of the person/company getting the check