| Credit |
| #1 |
When you buy a house, car, and 'big ticket' items do you want high or low interest rates? |
Low |
| #2 |
When you are saving money and investing money do you want high or low interest rates? |
High |
| #3 |
Name 3 things that can happen if you don't pay your bills on time |
HIgher interest rate, account closed,lower credit score |
| #4 |
What are the most dangerous type of credit cards |
Store |
| #5 |
What is the best and most efficient way to pay for a big ticket item except for a house |
Save for it |
| Banking |
| #1 |
Why are check cards handy? |
Can use like credit, don't have to carry cash, etc |
| #2 |
A ___________ adds money to your account |
Deposit |
| #3 |
A _________________ subtracts $ from your account |
Withdrawal, check, check card use |
| #4 |
What are the possible consequences of overdrawing an account |
Bank and store charges, ticket or arrest |
| #5 |
What kind of accounts help you earn money? |
Savings, CDs, Money Market, stock |
