For each lesson, match the terms listed with their definitions. Write the letters of the correct definitions.
Lesson 5.1
Lesson 5.2
Lesson 5.3
What is the purpose of credit? Explain your answer.
Identify and explain one main feature of a credit card.
Identify and explain one difference between credit cards and charge cards.
Does credit provide consumers with more or less leverage than cash? Why?
Explain what is meant by a fee.
How does credit reduce a consumer’s future buying power?
Explain why freezing your credit card is important when you find you have been a victim of credit card fraud.
Identify and explain one way in which thieves are able to obtain con- sumers’ credit card information in order to commit fraud.
A person who takes money temporarily from a bank or financial institution is called a borrower.
Which of the following is NOT an appropriate step in preparing your- self for a credit card?
Which of the following is NOT an example of a credit benefit?
There are no disadvantages when using credit.
A Mada card is a credit card.
Which of the following is NOT a benefit available to credit card holders?
Which of the following is unlikely to lead to credit card fraud?
Which of the following is NOT a benefit available to credit card holders?
The first step after discovering you are a victim of fraud is to call the fraud department of your credit issuer.
1. What is the first thing that Yasser could do?
What would you advise Yasser to do next?
What type of credit should Yasser apply for?
