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SFT Unit 5/Credit and Insurance Unit - Exam Review: 3 games

Use these review games to study for the exam.

AB
secured credit cardhelps to begin to build a positive credit history
Schumer Boxwhere terms and conditions of credit cards are posted
benefit of credit cardcardholder will develop a positive credit history
disability insuranceprovides coverage if income is lost due to injury or illness
deductiblethe amount the insurance policy holder must pay before repairs may be made to their damaged car
premiumthe amount the policyholder must pay each month in order to purchase an insurance policy
property insurancepays for loss to the insured person
liability insurancepays for loss to other people
a cause of negative credit historyapplying for credit many times within a short period of time
past due amount (on credit card statement)minimum payment due that's not paid by the due date
credit reporta summary of a consumer's credit accounts and payments on those accounts
hard credit checkwill potentially affect credit score; i.e., you give a cell phone company permission to check your credit


Business Teacher
Mona Shores High School
Muskegon, MI

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