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Honors Econ - Financial Literacy - Credit/Debt Flashcards | StudBud
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Honors Econ - Financial Literacy - Credit/Debt
Honors Econ - Financial Literacy - Credit/Debt
12 terms
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Credit Card, debt
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
In a check register, debit means
Add
Subtract
2
An ATM will assist you in getting
Loan
Credit Card
Your Money
3
In 2014, the average student loan debt was
$25,000
$1,500
$15,00
$33,000
4
Which of the following are financial institutions??
Paw Print Credit Union
Bank of America
All of them
Wells Fargo Bank
5
In 2014, the average credit card debt was
$500
$1,500
$5,000
$15,000
6
Are unauthorized charges on your credit card your responsibility?
No
Yes
7
Why do people under 21 years old need someone to co-sign for your loan or credit card?
Low Credit Score
High Credit Score
8
The money you pay for the use of a loan is called
Principal
Interest
9
A perfect FICO score is
750
500
850
10
Make sure you put your money in a bank that is covered by
FDIC
TCHS
The Mob
11
True/False A Credit Card and Debit Card are the same type of card
False
True
12
In a check register, credit means
Subtract
Add
