Banking Terminology

It is the ability to borrow money or access goods or services with the understanding that you'll pay later.

• loan

• line of credit

• credit

• credit card

It is located at the bottom left corner of a check.

People access to it through ATMs.

• debit card

• credit card

• cash advance

• credit score

Through an ATM people can

• send and receive emails

• post messages

• check account balance

• make payments

The main difference between a credit and debit card is that the credit limit may differ.

• True

• False

After being completed, all transactions will appear on the statement.

These are examples of soft skills:

• computer skills

• creativity

• problem solving

• active listening

It shows the number and types of credit accounts, how long each account has been open, amounts owed, recent credit inquiries, etc.

Three major credit bureaus are

• Bank of America

• TransUnion

• Equifax

• Experian

An excellent credit score remains between 300 and 500.

• True

• False