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Financial Literacy Review Flashcards | StudBud

Explore/Financial Literacy Review

Financial Literacy Review

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Questions 6

Answers

1
What is a loan
When you borrow money from the bank and pay it back later.
Rob the bank
Take money out of your account
A plan to save money
2
Allows you to send money from one account to a different account using the internet
Cheque
Loan
Mobile Banking
E-transfer
3
Withdrawal means you are taking money out of your account
True
False
4
When you borrow money from the bank using a credit card, there are expectations you must follow.
True
False
5
What is currency?
How much money is in your account
Type of money used in different countries
You borrow money from the bank
A current event in the world
6
Which one is not a credit card penalty?
Late fees
Increased interest rate
Pass interference
Over the limit fee