Financial Literacy

You receive a statement at the end of the month showing what you owe for a ____________.

An ______________ fee might be charged if you use a debit card to spend more than what is in your bank account.

Credit card or Debit card: No interest is charged

True of False: Banks can charge a late fee if your credit card payment does not arrive on time

Money given for college based on financial needs that you do not need to pay back

What is the service a bank offers that allows you to check your balance on their website?

True or False: Being late on payments doesn't really affect your credit score.

Credit card or Debit card: When swiped it allows you to borrow money to pay back later.

What does not appear in your credit history?

A college payment option that might award you money for good grades.

Credit card or Debit card: Money comes directly out of your bank account

Taking funds out of an account

Credit card or Debit card: Can make a purchase without having the money in your bank account.

You can get a lower interest rate on a credit card if you have a _________ credit score

Two ways to pay for college without having to pay it back are...

How many years can a late payment stay on your credit report?

Which is a benefit of using a debit card?

Money borrowed to pay for education is called a _____________.

You enter a PIN when you use this card.

Money is added to your bank account when you make a ______________.