Miss Smith 7 th Grade Civics *pgs

 Currency- _____ and paper _____  3 common features:  _____ to _____  _______  Have a ________ form and considered legal by the gov. that _______ it

 Two _____ (plants where _______ are made) in the U.S.  In ____________, PA and ______, CO  ______ _____ is printed in Washington, D.C.

 People 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 _____

 Like ____________ checks

 Using ______ means you can buy something ___ with the promise to pay for it _____  ________ is a payment charged for _________ money

 ________ cards are issued by ______  Can ____ be used in the store that _______ them  The store _____ the money to be paid back  _____ issue credit cards  Can be used almost anywhere  The ______ ____ company lends the money to be paid back

 Long-term Credit- loans payable over _____ periods  Used 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

 Bankruptcy- legal __________ that a person or business cannot pay _____ owed  A 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