MONEY AND CREDITMiss Smith7th Grade Civics*pgs. 504-509

CHARACTERISTICS OF CURRENCYCurrency- _____ and paper _____3 common features:_____ to ____________Have a ________ form and considered legal by the gov. that _______ it

CHARACTERISTICS OF MONEYTwo _____ (plants where _______ are made) in the U.S.In ____________, PA and ______, CO

______ _____ is printed in Washington, D.C.

CHECKSPeople are NOT required to accept ______ as _____ tender because they are not issued by the _______ gov.

Intentionally writing checks for amounts of _____ you do not have in your _______ account is a _____

DEBIT CARDSLike ____________ checks

CREDIT AND THE ECONOMYUsing ______ means you can buy something ___ with the promise to pay for it _____

________ is a payment charged for _________ money

CHARGE AND CREDIT CARDS________ cards are issued by ______

Can ____ be used in the store that _______ themThe store _____ the money to be paid back

_____ issue credit cardsCan be used almost anywhereThe ______ ____ company lends the money to be paid back

CREDIT AND THE FAMILYLong-term Credit- loans payable over _____ periodsUsed to make ___ purchases like cars, major __________, _____

Short-term credit- loans that are repaid over a _____ period of time

Stores can _________, or take back, purchases that have not been _____ paid for

CREDIT AND THE FAMILYBankruptcy- legal __________ that a person or business cannot pay _____ owedA bankruptcy judge must _______ the person from debt or allow them to pay a ________ amount

This can ____ your _______ rating/score for years

Creditors- _______ who are _____ money