Book 9/Chapter 9 History and Geo

if you want the cred 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 how many days after the first bill containing the error was sent to you

60

assistance from the government which is to be repaid

FFEL Stafford Loan

assistance from the government which is not to be repaid

Federal Pell Grant

A collateral means that the people cooperate in order to make the institution a success

NOT TRUE

Any property such as land or stock that may cover a person's liabilities is called a debit

NOT TRUE

Travler's checks are easy to use; they are broken down into denominations such as $20, $50 $500 and $1000

NOT TRUE

A bookstore is a good alternative to a library

NOT True

"He that tilleth his land shall be satisfied with bread."

Proverbs 12:11

"Wealth gotten by vanity shall be diminished."

Proverbs 13:11

accounted for 59% of all home loans in 1987

S&Ls

the amount a savings account will earn on interest in the course of a calendar year

annual return

Keeping a __________ means you keep a current total of what you have deposited into your account as week as what you have spent out of your account

bank balance

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

charges

something given to guarantee a repayment of a loan

collateral

a credit union is this type of financial institution

cooperative

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 national _________ and a negative history will stay on your report.

credit bureaus

a record of well a person pays their bills and is financially responsible

credit history

The amount of spending that the credit card company will allow you is known as the _______________

credit limit

a card that acts like a check. When you make a purchase, the money is removed from your checking account immediately

debit card

IRAs are savings accounts that __________ taxes

defer

When _______ is used, the paycheck is electronically transferred into the depositors account without the depositor having to come to the physical location of the credit union office

direct deposit

A partial payment given in order to show intent of purchase is called a

down payment

When you have listed all of your income and expenses and want to find out how much you have left over, subtract the ________ from _________ and see what comes out on the "bottom line."

expenses, income

Auto loans are a type of unsecured loan

false

Banks, credit unions, and S&Ls exist to make a profit.

false

Cash is the best system for keeping track of your spending.

false

Loval banks will no longer off educational loans

false

The great thing about IRAs is that you can withdraw money anytime you want with no finance penalty.

false

total money earned, exclusive of any deductions

gross income

Proverbs 13:11 "Wealth received by vanity shall be diminished: but he that gathereth by labour shall ____." In other words, a person who tried to get money by fraudulent means will not get more, but the steady worker will add to his ___________.

increase, savings

charges that your bank must pay if you much pay if you use an ATM that is foreign meaning not owned by your bank are called

interchange fees

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

interest

a percentage of the amount in the savings account which is a reqard for the bank's use of the money

interest

one of the things to remember when purchasing a car is that "________ is ___________."

knowledge, power

the smallest amount allowed in an account without a financial penalty is called

minimum balance

a car market where the price sticker is the final sale price and there is no discussion or bickering over a final price

no haggle dealership

a notice that will be sent to the bank customer if his deposits are not enough to cover the costs of the check he has written

non sufficient funds

this is used to keep a record of activity in a savings account

passbook

PIN stands for

personal identification number

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

profit, service

the guidelines and regulations that define how and when you get repaid in case of theft or misplacement

refund policy

under this, your lost or stolen traveler's check are replaceable when you provide the refund office the serial numbers and exactly which checks you have cashed or lost.

refund policy

your paying back the loan is guaranteed by an asset like apiece of real estate

secured loan

you will not be charged any interest before you begin repayment

subsidized loan

If you have a low balance you can do this between each and every checking or savings account that you have ties to your bank ATM card

transfer funds

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

traveler's checks

A debit card is a card that acts like a check

true

A finance charge is a cost for the convenience of borrowing money

true

A refund policy is the set of guidelines and regulations that define how and when you get repaid in case of theft or misplacement.

true

An adjusted balance is computed by subtraction the payments you made and any credits you received during the present billing period from the balance you owed at the end of the previous billing period.

true

At firs, savings and loan associations were serving a short-term mission, so to speak.

true

IF your credit union is registered with the United States government, it is known as being "federal-chartered."

true

In most cases with a credit card, the most you will owe for unauthorized charges is $50.

true

It is easy to tell yourself that is only $10 but you will find yourself saying again and again until you wonder where you money has gone.

true

Knights Templar was the name of the medieval group that would guard the valuables and negotiate loans, as well as transport money between nations.

true

Never charge more on your credit cards than you can afford to pay in one month

true

The time when there is no obligation to repay your loan is called a grace period

true

Under the Fair Credit and Charge Card Disclosure Act you have the right to comparison shop different cards terms and conditions.

true

When it has matured, your IRA money can be meted out to you in periodic payments or in one large sum

true

When we talk about a "ceiling" on the interest rate, we are referring to the limit on the interest given

true

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

withhold