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Duplicate of Debit and Credit Unit - JA Finance Park Flashcards | StudBud
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Duplicate of Debit and Credit Unit - JA Finance Park
Duplicate of Debit and Credit Unit - JA Finance Park
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StudBud Administration
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182 plays
This is used to review the Debit and Credit Unit.
Flashcards
21 cards
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Practice quiz
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Host live
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Questions
21
Answers
1
Your pets name is a strong password example.
False
True
2
A bank is a not-for-profit financial institution.
False
True
3
You can NEVER increase your credit score.
True
False
4
Lenders consider your credit reports and credit score.
False
True
5
Who uses financial institutions?
Account Holders
Adults
College Graduates
Almost Everyone
6
Internet banking means using a bank branch to make deposits.
True
False
7
An example of a financial institution is ...
Bank
ATM
School
Department Store
8
Credit unions are owned by their members.
True
False
9
A credit card provides a pre-approved credit.
True
False
10
You should store your account information on your phone.
False
True
11
Having a low credit score is good.
False
True
12
When lenders lend money, they charge an additional fee called?
Interest
Debit
Credit
Stock
13
Paying your credit card bill in full is the best option.
False
True
14
Debit cards are considered ...
Buy Now, Pay Later Method
Buy Now, Pay Now Method
15
Internet banking is only conducted online.
True
False
16
Locking your device is a safety tip.
False
True
17
Identity theft is a threat to anyone with a good credit score rating.
False
True
18
Online banking is where you have to go to an actual building to bank.
True
False
19
Credit cards are considered ...
Buy Now, Pay Later Method
Buy Now, Pay Now Method
20
The lower an applicant's credit score, the lower the risk is to the lender.
False
True
21
Credit is the ability to borrow money.
False
True
