FINANCIAL LITERACY

A card that is purchased in a specific monetary value used like cash to purchase goods and services

Customers can access their money using mobile apps, phones, Web pages, and ATMs but there are no local branches

A for-profit business that is approved and backed by the federal government. They receive deposits

A card that allows the holder to buy goods and services by taking out a bank loan for the purchases.

A not-for-profit business owned by its members. They serve groups groups that share something in common

A written order to a bank to pay money from a bank account to a person or a business

These institutions often focus on real estate financing. They are backed by the government and run by a board

Advantages of cash include: easy to track spending; can safely be mailed

Disadvantages of a credit card include: possible yearly fee, interest charged on unpaid balances, finance issues

Bills and created by the government

A plastic card that provides electronic access to a personal bank account. It can complete bank transactions