Daily Vocab quiz 4

Credit

• linked to your bank account and allows you to spend your own money without having cash

• the ability of a customer to obtain good or services before payment, based on the trust that payment will be made in the future

• the amount of money owed or due; The amount of money you have

Interest

• money paid regularly at a particular rate for the use of money borrowed, or for delaying the repayment of a debt.

• when you don't have enough money in your account to cover a purchase, but the bank pays the transaction anyway

• A plastic card used to make purchases now and pay for them later.

Balance

• Percentage paid to a bank/lender for the use of borrowed money 

•  something, typically money, that is owed or due

• the amount of money owed or due; The amount of money you have

Interest rate

• Percentage paid to a bank/lender for the use of borrowed money 

• the amount of money owed or due; The amount of money you have

• something, typically money, that is owed or due

Debit card

• a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money

• A plastic card used to make purchases now and pay for them later.

• linked to your bank account and allows you to spend your own money without having cash

I don't want to spend too much money and end up in _________.

• overdraft

• debt

• interest

I had an ______ on my account becasue I didn't have enough money to buy the shoes

• Debt

• transaction

• overdraft

There were several ______ on my card today becasue I went to the mall.

• transactions

• interest

• balance

I used my _______to buy the furniture because I didn't have the money in my bank account.

• Debit card

• Credit Card

• Debt

When you use your credit card to purchase things you are charged ______.

• Debt

• transaction

• interest