8th grade FACS: Debit & Credit
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| bank | a for profit institution that offers personal loans, mortgages, and other services
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| credit union | a not-for-profit cooperative that offers bank services and is owned by its members
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| financial institution | a business that provides money related services
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| interest | a fee received or paid for the use of money
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| internet bank | a web-only bank
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| mobile banking | a wireless service that allows financial transactions by using an app or Web browser from a mobile device
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| online banking | an electronic way to view account activity and pay bills via the Internet and an institution's website
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| bankruptcy | a legal process that gives a debtor protection from creditors
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| cash | money in the form of bills or coins
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| check | a written order for a bank to pay money
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| credit | the amount of financial trust extended to a person or a business by a lender; a loan
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| credit card | a card authorizing the holder to buy goods and services that can be paid for later
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| debit | an amount deducted from a bank account
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| debit card | a card that looks like a credit card but operates like cash; money is immediately subtracted from the card holder's bank account when a purchase is made
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| debt | money owed
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| foreclosure | a legal process in which a lender takes possession of mortgaged property from a mortgage holder who failed to make payments
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| credit report | a record of a person's financial information, including previous addresses, Social Security number, current and previous employers, estimated income, credit card accounts with amount owed and payment history, and loan information.
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| credit score | a standardized measurement of the potential to repay a debt
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
mnunn
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