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