Debit and Credit Review

Flashcard
•
Life Skills
•
8th Grade
•
Hard
Wayground Content
FREE Resource
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7 questions
Show all answers
1.
FLASHCARD QUESTION
Front
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
Back
Internet Bank
2.
FLASHCARD QUESTION
Front
A _ is a not-for-profit financial institution owned by its members.
Back
credit union
3.
FLASHCARD QUESTION
Front
What is the fee paid or received for the use of money?
Back
Interest
4.
FLASHCARD QUESTION
Front
These are the pros of having a _ card:
Operates like a check or cash.
No interest charges.
Back
Debit
5.
FLASHCARD QUESTION
Front
These are the fees of having a _ card:
Flexibility to make purchases anytime and anywhere.
Grace period is usually 25 days.
Back
Credit
6.
FLASHCARD QUESTION
Front
_ 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.
Back
foreclosure
7.
FLASHCARD QUESTION
Front
Which of these is NOT one of the three credit reporting agencies? Experian, Equifax, TransUnion
Back
Expedian
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