Credit: Financial Literacy

Question 1

____________ must be repaid with interest.

Accepted Answer

student loans

Question 2

______________ allow you to make purchases now and pay for them in installments over time.

Accepted Answer

credit cards

Question 3

Donovan has a high credit score, so ____________ consider him a good risk.

Accepted Answer

lenders

Question 4

_______ or more is considered a good credit score.

Accepted Answer

700

Question 5

Mr. Young spent $80, but only had $20 in his account, so he was charged a/an _____________.

Accepted Answer

overdraft fee

Question 6

Thanks to his black belt and impressive talents, Dylan earned a ______________ for college.

Accepted Answer

scholarship

Question 7

You should always be aware of your ____________ before spending money on something.

Accepted Answer

account balance

Question 8

Bobby went to the ATM to get $40 out for a new shirt. What type of transaction is this?

Accepted Answer

Withdrawal

Question 9

Max bought toilet paper with his debit card. That money gets pulled from his ________.

Accepted Answer

checking account

Question 10

Some kids work in the campus cafeteria to help pay for college. This is known as __________.

Accepted Answer

work-study

Question 11

Karli's checking account balance was so low, she decided to __________ money from her savings.

Accepted Answer

transfer

Question 12

Mrs. Cooper's _____________ was lower than 580, so no one would lend her money.

Accepted Answer

credit score

Question 13

Many adults keep track of their money by logging all transactions in a __________________.

Accepted Answer

check register

Questions 13