
PF- Banking and Credit Review

Flashcard
•
Quizizz Content
•
Financial Education
•
9th - 12th Grade
•
Hard
Student preview

11 questions
Show all answers
1.
FLASHCARD
Front
Which account is usually to your checks and direct deposit, and is for money coming in and out?
Back
Checking Account
2.
FLASHCARD
Front
Which account is meant to accumulate a small amount of interest and houses your money for future needs?
Back
Savings Account
3.
FLASHCARD
Front
The initial deposit interest is collected on is called the
Back
Principal
4.
FLASHCARD
Front
Which of the following is a savings option? Money Market Account, Certificates of Deposit, IRA (individual retirement account), All of the above
Back
All of the above
5.
FLASHCARD
Front
The FDIC stands for the
Back
Federal Deposit Insurance Corporation
6.
FLASHCARD
Front
This type of credit requires payment of a fixed monthly amount (or more), until the principal is paid off in full.
Back
Non-Revolving Credit
7.
FLASHCARD
Front
This type of credit refers to loans secured by an asset (collateral)
Back
Secured Credit
8.
FLASHCARD
Front
Credit cards represent ___________ while a mortgage represents _______
Back
Revolving Credit... Non-Revolving Credit
9.
FLASHCARD
Front
A FICO score is a number between 0 and 800, between 100 and 800, between 300 and 800, or between 300 and 850?
Back
Between 300 and 850
10.
FLASHCARD
Front
Which number represents who you are paying the check to?
Back
2
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