6th Grade Financial Literacy

A machine that allows bank customers to withdraw or deposit money without visiting the bank

A detailed report of your credit history prepared by a credit bureau used by lenders is called

Using a credit card will take money out of your checking account.

not having enough money in a checking account to make a payment or withdraw money

any movement or exchange of money, such as a deposit, a withdrawal, or a transfer

What is a similarity between debit and credit cards?

money subtracted from an account

The total amount of money in your account or the amount of money owed on a credit card

when the bank covers a transaction larger than the available funds, for a fee

How long will negative credit transactions stay on your credit history?

Which of these options WILL NOT subtract money from an account?

Which action will raise your credit score?

A type of transaction that occurs when money is moved between accounts

borrowed money that has to be paid back with interest