| A | B |
|---|
| CREDIT You cannot pay off a ________________ credit card without incurring interest charges. | revolving open-end |
| BANKING The rule of 72 is used to calculate __________________. | when an investment will double the principal amount |
| BANKING Assume Sammy has $2,500 in a savings account. How long will it take for his balance to double if his interest rate is 4.5%? | 16 years |
| BANKING What does check 21 accomplish? | transfers checks electronically to eliminate float time |
| BANKING The legal amount on a check is the amount written out in _____. | words |
| BANKING What is the purpose of a check register? | A person can keep track of all deposits to and withdrawals from the checking account. |
| PFP What is the recommended budget % for transportation? | 20% |
| PFP What is the recommended budget % for housing? | 30% |
