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Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Financial Alg Exam
- 1. insufficient funds
- 2. minimum payment
- 3. withdrawal
- 4. direct deposit
- 5. finance charge
- 6. credit score
- a. the lowest amount that an individual is required to pay on credit card debt
- b. a situation in which a check is not processed because there is not enough money in the account to pay it
- c. an amount that is transferred electronically from an employer to an employee's bank account
- d. the interest charged on the money owed to a credit card company
- e. an amount removed from a bank account
- f. a number that represents a measure of a person's credit risk
Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Financial Alg Exam (Answer Key)
- b 1. insufficient funds
- a 2. minimum payment
- e 3. withdrawal
- c 4. direct deposit
- d 5. finance charge
- f 6. credit score
- a. the lowest amount that an individual is required to pay on credit card debt
- b. a situation in which a check is not processed because there is not enough money in the account to pay it
- c. an amount that is transferred electronically from an employer to an employee's bank account
- d. the interest charged on the money owed to a credit card company
- e. an amount removed from a bank account
- f. a number that represents a measure of a person's credit risk
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