General
What is a bank?
What is a financial institution in which people use to store their money (varied responses)
A public(retail) and private bank(credit union)
What is who they are owned by members CU and how they are operated non profit CU(give examples)
Princess is saving up for a down payment on a pre-owned car, the cost will roughly be $2,000. which kind of account would be best for her to open?
What is a savings account?
An employee who helps with account transactions
What is a bank teller?
Name 4 NFL teams
What is STEELERS,Ravens,Patriots. . .etc
Name 2 ways a person can use a bank.
What is Saving, borrowing, paying bill or managing money
A checkings and saving account
What is one is an account that is specifically made for spending the money you put in the account the other is for saving money
Recently debra has come into some money and instead of carrying it around she decides to open an account just for random spending, which account should she open
What is a checking account?
The amount of flexibility one has to to be able to get the money whenever they want it
What is Liquidity?
Who was the first female bank president
Who is Maggie M. Walker?
Members only banks are also known as
What is credit unions?
A check and a money order?
What is A check gets the money out of an account the money order has to have all the money up front?
Jay is at sears, he is offered a 20% discount if she signs up for a ____ card from sears
What is a credit card?
A plan on how a person will spend or they money they make or recieve
What is Budget?
The class that is now required of all Richmond Public School students to take
What is Personal finance and econ?
The pin is typically used when dealing with which type of card
What is a debit card?
Which is most liquid account?
Checking
Ruth had been in an accident that left her disabled. What kind of bank would be most beneficial to her if she has no way of getting around?
What is an online bank?
The money a person gets is their?
What are Income?
Name 4 different banks
What is BOA(bank of american) Wells fargo, suntrust, fedral reserve,va credit union (varied response)
The central banking system for the unites states which contains a board of governors and the FOMC (federal open market committee
What is The federal reserve?
A check card(debit card) and a credit card
What is a check card only uses the money in which one a person has in a bank. A credit card uses the money in which a person borrowed from the place in which they received the card.
John and julie just had a daughter, ever since they found out they were having a child they saved money, together they saved $3,000. They are hoping to put it into an account for her college fund. Which account should they open?
What is a CD?
The interest rate charged on the balance of a credit card
What is and APR (annual percentage rate)?
The first bank was opened in . .*hint during George Washington's time
What is 1700s?