Credit Card 2
Quiz by James McPeek
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65 questions
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- Q1If you CHARGE: $400.00 you can pay-it-off at the end of the month OR pay a minimum monthly payment.Text for option 1 (required)30s
- Q2Benefits: Buy right-now, REWARDS: low interest, Reward points, gifts, car/hotel/vacation deals.Credit Card30s
- Q3An unsecured loan “something you earn over time.” It is an “Extend of a line of Credit,” based on your ability to pay. EXPECTS YOU: to pay interest, continue to pay monthly on your account.Credit Card30s
- Q4A place where your money is (Deposit), A place you can get your money, debit cards (Checking), Credit Cards, Savings account, checking accounts, Loans (Cars & HOuses)Credit Card30s
- Q5Do banks make money: Yes How?A Bank30s
- Q6Do Banks go out of business?Yes30s
- Q7Are Banks Safe?Yes30s
- Q8Who insures BanksYes30s
- Q9Banks are insured to what amount per accountFDIC30s
- Q10Who pays for Bank insurance$250,00030s
- Q11Why does banking work?Banks and Savings Companies30s
- Q12What is the primary function of a bank?Trust30s
- Q13Deposit money in a bank and later “write” an amount of payment to anybody or Company. Nearly the same as Cash. Can be risky.A safe place for money30s
- Q14An account to deposit money and can withdraw in cash, “Bank Check,” or “Purchase Order.” (You can’t write a check.)Checking Account30s
- Q15An account similar to a savings account that may come with higher interest rates than other savings accounts. Has checks and/or a debit card.Savings Account30s