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Duplicate of Debit and Credit Unit - JA Finance Park Flashcards | StudBud
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Duplicate of Debit and Credit Unit - JA Finance Park
Duplicate of Debit and Credit Unit - JA Finance Park
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StudBud Administration
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This is used to review the Debit and Credit Unit.
Flashcards
30 cards
F
Practice quiz
P
Host live
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Questions
30
Answers
1
Credit cards are considered ...
Buy Now, Pay Later Method
Buy Now, Pay Now Method
2
Identity theft is a threat to anyone with a good credit score rating.
True
False
3
Credit cards are handy in emergencies.
True
False
4
Credit unions are owned by their members.
True
False
5
Lenders consider your credit reports and credit score.
False
True
6
The lower an applicant's credit score, the lower the risk is to the lender.
False
True
7
Who uses financial institutions?
Adults
Almost Everyone
Account Holders
College Graduates
8
An example of a financial institution is ...
ATM
School
Bank
Department Store
9
Debit cards include a monthly bill.
True
False
10
Internet banking means using a bank branch to make deposits.
False
True
11
Which is NOT a safety tip?
Report stolen cards
Share password
Verify website security
Sign out of account
12
Locking your device is a safety tip.
False
True
13
You should store your account information on your phone.
False
True
14
You can NEVER increase your credit score.
True
False
15
Credit is the ability to borrow money.
True
False
16
A credit card provides a pre-approved credit.
False
True
17
There are three (3) main credit reporting agencies.
False
True
18
When lenders lend money, they charge an additional fee called?
Debit
Stock
Interest
Credit
19
Lenders use credit agencies to determine ..
Applicant credit history
All of the options
Applicant credit score
Whether there are outstanding defaults
20
A bank is a not-for-profit financial institution.
True
False
21
A debit card is handy for emergencies.
False
True
22
Your pets name is a strong password example.
True
False
23
Debit and credit cards are the same.
True
False
24
Financial institutions help you save for the future.
True
False
25
Internet banking is only conducted online.
False
True
26
Majority of banks offer mobile banking.
False
True
27
Paying your credit card bill in full is the best option.
False
True
28
Debit cards are considered ...
Buy Now, Pay Now Method
Buy Now, Pay Later Method
29
Online banking is where you have to go to an actual building to bank.
False
True
30
Having a low credit score is good.
True
False
