A debit card is: plastic card that is electronically connected to an individual's bank account. Money is automatically withdrawn from the bank account, have to have pin to confirm and authorized access.
The correct way to fill out the "pay to order of" line for the amount $101.78 is: One hundred one and 78/100-------------------------------------$101.78
What color pen should be used when writing checks? Black or blue
Sam noticed a wallet on the mall floor, she should turn it all into mall security
Lindsay realized that she lost her credit card and does not have any of the information, she could call her financial institution and report the loss, go online and get the 1-800 number to report it lost, refer to an old statement for information and report it.
If you have a credit card in your wallet that you don't use anymore, you could call and cancel it.
Always check credit card statement to make sure there are no false purchases on the account.
Using your credit card to get cash advances makes good economic sense-false, makes bad economic sense
A "balance transfer" is where you pay off one credit card by transferring your balance to another credit card-true
If your credit card has a high interest rate, don't waste your time asking them to reduce the rate, because credit card companies would never agree to cut your interest rate-false, do call to ask them to lower the rate, they'll compromise
If a credit card company gives you a very low interest rate, the company cannot raise that rate for at least two years-false, they can raise it if notified.
Amenities in a living space include water, garbage, electricity, heat, telephone and Internet service, television-true
Renters insurance can protect against fire, theft, and vandalism-true
An application form is a document used to determine if a person's credit history, financial stability, and references make them a worthy candidate-true
Housing is the most expensive expense-true
Expenses are what you spend money on like rent/mortgage-true
Commercial bank- full service institutions because they offer a wide variety of services
Risk of loss- a term that is used to determine which party should be responsible for damage occurring to producers after a service transaction has been completed, but prior to delivery.
Interest- the amount of money that is either gained or lost when accessing services offered by a depository institution.
Federal Reserve Bank- part of the central banking system in the United States.
Depository institutions- business which offers multiple services in banking and finance.
At an ATM you can cash withdrawals, deposits, account balance info
Banking from home can be performed by using a touch tone phone and computer
To use ATM and debit cards safely, the consumer should sign back of the card and write please see ID, keep PIN stored away from card, keep your receipts and never give out PIN
Direct deposits and direct payments- direct deposit allows pay and benefit checks to be directly deposited into a specified account in a paperless form. Direct payment authorizes bills to be paid by a specified account without having to write a check. Authorization forms must be signed by the account holder to allow a transaction, therefore being unsafe. Direct deposit can help prevent check fraud.