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Intro to Business Chapter 6

A money order is?
A bank commonly organized as a commercial bank.
A form of payment that orders the issuing agency to pay the amount printed on the form to a specified date
A credit union regulated by the National Credit Union Association (NCUA)
The amount a bank pays you for the use of your money.
The use of computers and other technology to move funds electronically from one account to another is known as?
Interest
Electronic funds transfer
Money order
Safe deposit box
The privilege of using someone else's money for a period of time with a promise to pay it back later
Credit
Creditor
Debitor
Finance charge
The total dollar cost of credit
Credit
Annual Percentage Rate
Interest
Finance charge
The amount of a the loan
Principal
Interest rate
Interest
Credit
What is a Credit Union, How does it work?
What are some of the benefits of Credit?
What might be some concerns for people new to credit?
What is the Truth in Lending Act
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