Financial Literacy

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

ATM: Automated Teller ______________

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

PIN: Personal _____________ Number

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

Credit card or Debit card: No interest is charged

People with good credit history... (choose all that apply)

Money awarded to students from corporations, non-profits, universities or individuals

True or False: Insurance companies will lower your rates if you have a high credit score

Credit card or Debit card: When swiped it allows you to borrow money to pay back some monthly

Money borrowed to pay for education is called a _____________.

Attending college or vocational training beyond high school has what benefit?

How many years can a bankruptcy stay on your credit report?

True or False: Banks will only lend you money, if you have a good credit history

A summary of all activity in an account (sent each month to customers)

Credit card or Debit card: Comes directly out of your bank account

Credit history contains information about you, what does not appear in your credit history?

Mrs. Sams has earned $2,241,400 in 20 years. What could her average salary and profession be?

Credit card or Debit card: Can make a purchase without having the money to do so

Taking funds out of an account

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

Credit card or Debit card: Does not build credit history

Which degree takes four years to earn and is required for teachers and nurses?

You received money for college based on financial needs, you do not need to pay this back...

A college payment option that gives you money for good grades and standardized test scores is..