Cards
DEBIT CARD!
INFLATION! :(
A _______ is a plan for your upcoming income, expenses, and savings.
A BUDGET! :)
What year did the Great Depression start?
1929
What is the current minimum wage on Long Island?
$16.50 per hour
This type of card allows you to spend money you don't have yet, to be paid back at a later date.
CREDIT CARD!
This term refers to the total monetary value of all the goods and services that have been produced in a country over a set period of time.
GROSS DOMESTIC PRODUCT (GDP)!
This is the proportion of a loan that is charged in addition to the amount of money borrowed.
INTEREST RATE!
What year was the Affordable Care Act passed?
2010
What is a TARIFF?
A tax imposed on imports or exports.
How many digits are in a credit card number?
16!
This score estimates how likely you are to repay a loan or credit card.
YOUR CREDIT SCORE!
When was the most recent recession in the US?
2020 - the COVID-19 Recession
What was the rate of inflation in 2024?
2.9%
What is it called when you spend more money than is in your debit card account?
OVERDRAFT :(
In this economic system, a country's trade and industry are controlled by private owners for profit.
CAPITALISM
What is your GROSS INCOME?
Amount of money earned before any deductions.
When was the "Great Recession"?
2007-2009
The _____ _______ is the central bank of the US, responsible for the country's monetary policy and financial system.
FEDERAL RESERVE
This is the 3 digit number on the back of a credit or debit card.
CVV CODE / SECURITY CODE
RECESSION
What is a deductible?
The amount you must pay out of pocket before an insurance company will pay the rest.
What year was the federal reserve established?
1913
What is the current unemployment rate in the US?
4.1%