Economics Unit 9 Test

Profit; Service

"Not for —, not for charity, but for —." is a credit union motto.

Traveler's Checks

-- -- are checks which function almost like cash but are replaceable if lost or stolen

interest

-- is a percentage of the amount loaned which is a charge for the use of the money

cooperative

A credit union is a -- financial institution

Pass Book

A — — is used to keep a record of activity in a savings account

defer

IRAs are savings accounts that -- taxes

60

If you want the credit card issuer to set things right, when you find an error on your credit card billing statement, you must notify them in writing at the address specified for billing errors about the mistake discovered and you must do so within -- days after the first bill containing the error was sent to you

Transfer funds

In case of a low balance you can — — between each and every checking or savings account that you have tied to your bank ATM Card

bank balance

Keeping a -- -- means that you keep a current total of what you have deposited into your account as well as what you have spent out of your account

Charge

Other agencies may sell you traveler's checks but add on -- up to 1.5% so be careful and see whether you must pay a fee

Personal Identification Number

PIN stands for

Increase, savings

Proverbs 13:11 - "Wealth by vanity shall be diminished: but he that gathereth by labour shall --." In other words, a person who tries to get money by fraudulant means will not get more, but the steady worker will add to their --.

Minimum Limit

The smallest amount allowed in an account without a financial penalty is called a -- --.

Refund Policy

Under the -- -- your lost or stolen traveler's checks are replaceable when you provide the refund office the serial numbers and exactly which checks you have cashed or lost

withhold

if you attempted in good faith effort to work out the problem with the seller about a charged item or service, the law gives you the right to -- from the card issuer payment for the merchandise or services

credit bureaus

it is important to pay back your student loan. besides your Christian testimony being damaged, other problems could arise. The default could be reported to the national -- -- and a negative history will stay on your report

knowledge, power

one of the basic things to remember when purchasing a car is that "-- is --."

Credit Limit

the amount of spending that the credit card company allows you is known as the -- --

expenses, income

when you have listed all your income and expenses and what to find out how much you have left over, subtract the -- from -- and see what comes out on the "bottom line"