Chap 18

Money taken out of your paycheck to pay for government services are called

• accounts

• taxes

• profits

• liabilities

What is the money that a bank pays you to your savings account?

• debits

• penalties

• credits

• interest

Someone with a low credit score

• has to pay a higher interest rate

• has a history of not paying back debts

• may have trouble getting a loan

• all of the above

Which is owned by its members?

• a credit union

• a savings and loan

• a bank

• a credit card company

People used to write checks way more than they do now. What took the place of writing checks?

• cash

• super checks

• a debit card

• none of these

It is better to put your vacation on your credit card than to save money in advance for it.

• True

• False

What is a reason to put your money in a bank

• Ease of paying bills

• safety

• to earn interest

• all of these

The Federal Reserve is

• a website to get restaurant reservations

• the national bank of the U.S.

• a privately owned bank

• none of these

Your debit card is usually linked to your

• stock options

• savings account

• checking account

• money hidden in your house

What does ROI stand for?

• ransom of interest

• reserve on interest

• return on investment

• none of these