The ability to borrow money is called
Shroutrageous: Credit

Flashcard
•
Social Studies
•
7th Grade
•
Hard
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12 questions
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1.
FLASHCARD QUESTION
Front
Back
credit
2.
FLASHCARD QUESTION
Front
A credit card
Back
gives you permission to buy something now and pay it back later
3.
FLASHCARD QUESTION
Front
A debit card
Back
automatically deducts money from your bank account
4.
FLASHCARD QUESTION
Front
What is an advantage of using a credit card?
Back
It can help build up a good credit score.
5.
FLASHCARD QUESTION
Front
What is a disadvantage of using credit?
Back
You often have to pay interest or extra fees, which can make things more expensive.
6.
FLASHCARD QUESTION
Front
Which of the following is a potential risk of using a credit card?
Options:
Building a good credit score.
Overspending and accumulating debt.
Having a fixed spending limit.
Receiving monthly statements.
Back
Overspending and accumulating debt.
7.
FLASHCARD QUESTION
Front
What is the primary purpose of a debit card?
Back
To make purchases using funds directly from your bank account.
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