Vocab
The account type for everyday banking
CHecking account
What are common payments people use checks for
Rent, utilities, gifts, taxes
The budgeting strategy where you put money into your savings account FIRST
Pay yourself first
What is 48% in decimal form?
0.48
How many school days are left?
22!!
Taking money out of your account
Withdrawal
Write $152.21 in written form
One hundred fifty-two dollars and 21/100
This is the money a bank pays you for keeping money in your savings account
Interest
Calculate the simple interest on $100 that earns 2% in 2 years
$4
What is the name of Ms. DeRosa's childhood Dog
Duke
When an employer puts your paycheck directly into your bank account
Direct deposit
Write $27.50 in the written amount
Twenty-seven dollars and 50/100
The name of the savings account that offers HIGHER interest rates
High Yield Savings
What does the P, R, and T stand for in the simple interest formula?
Principal, rate, time
Ms. DeRosa's favorite color
Green
This document shows all transactions in your bank account for a certain period of time
Bank statement
What is it called when I sign the back of my check
Endorse
What type of savings account locks your money up for a certain amount of time?
CD
$222.20
What are the first 3 digits of Pi?
3.14
Card linked to a checking account used to make purchases
Debit card
The THREE numbers on the bottom of a check
Account number, routing number, and check number
What type of savings account gives you checking perks like checks and cards?
MMA
Calculate the compound interest of $200 earning 1.5% interest in 3 years
$209.14
What is the name of our adopted cow?
Ivy