Deca Flashcards
1
Q
Places to get a credit score
A
FICO website
Credit reporting bureaus
Experian
TransUnion
Equifax
2
Q
Forms of financial exchange
A
Cash, credit, debit
3
Q
Time value of money
A
The concept recognises the potential of money to grow over time by gaining interest.
4
Q
Overdraft Protection
A
An automatic loan to a bank account if the balance isn’t enough to cover checks written
5
Q
Overdraft Protection interest rate
A
19%
6
Q
Who develops malware
A
Cybercriminals
7
Q
What to do if your ID is Stolen
A
Cancel your Credit cards
Get New Credit cards
Report to Police at an anti fraud Center
Update Banking Information
8
Q
Most Common lt. defaulted on Kind of loan
A
Student loan
9
Q
None
A
20%
10
Q
None
A
Á small loan with condition it will be repaid at the borrowers next paycheck
11
Q
None
A
Below 550
12
Q
None
A
620 to 680
