This is the first step to reconciling your checking account
What is determining whether the bank has processed all outstanding checks and deposits
100
A line of protection for overdrawn check is referred to what
What is overdraft protection
100
Making a major purchase, having income for retirement and providing for emergencies are all reasons people do this?
What is save
100
This type of interest earns interest on interest
What is compound interest
100
This is what they call the market when stocks have been on the decline for a number of months
What is a bear market
200
Technology that allows customers to handle banking transactions over the internet is called what time of banking?
What is online banking
200
When you estimate your income for your budget you should consider this type of pay that already has taxes deducted.
What is gross pay or take home pay
200
You are lending money to the bank when you
Deposit money into your account
200
It is recommended that people save enough money to cover 6 months of what?
What is income
200
This type of company is owned by stockholders and is on the stock market
What is a public company
300
This is the signature of the payee on the back of the check
What is the endorsement
300
A car repair would be an example of what type of expense
What is an unexpected expense
300
Cash, CDs, Savings accounts, Money Market Accounts all describe what level of the investment pyramid
What is Level 1
300
Compound interest will earn more money over the long run compared to this type of interest?
What is simple interest
300
Amber bought 100 shares of apple when it was $525 a share meaning her total cost was $52,500. She sold the shares a few years later and her return was $57,500, what was her capital gain
What is $10,000
400
The person to whom the check is written is called what
What is the payee
400
When your account goes negative, your bank will usually charge you this fee
NSF (non-sufficient funds)
400
Most people HOPE to rely on this when they retire
What is social security
400
True or False saving money is bad for the economy
What is false
400
bonds, shares of stock and mutual funds are examples of what
What are securities
500
The higher the ______, the higher the _____ shows the relationship between risk and rate of return.
What is the higher the risk, the higher the return
500
This measures a persons ability and willingness to pay debts on time
What is credit rating
500
MMDA and MMMF are two types of what
What are money market accounts
500
How much would be in your account after 2 years that has a balance of $1200 earning 10% simple interest
What is $1440
500
This is created by an investment firm that raises money from the shareholders and invests it in a variety of stocks or other investments