Checking & Savings
If you have a checking account, you can sign up for _______ _________, which puts your paycheck into your account electronically so you don't have to cash a paper check.
Direct Deposit
A loan is not "free money." You must pay back what you borrowed, plus _______.
Interest
If you have funds or a piece of property that you want to pass on to your children or grandchildren, you can place these assets in a ____ account until they are old enough to receive them.
a) Interest
b) Family
c) Trust
Trust
This percent of households in the U.S. have either a checking or savings account:
a) 76%
b) 95%
c) 55%
b) 95%
Bounced
When signing up for a personal loan, the _______ your interest rate is, the less you have to pay back.
Lower
Financial experts recommend that you have at least __ to __ months' worth of bills and other expenses put away in savings in case of emergency.
3 to 6!
There's a regional bank in Italy that accepts ____________ as collateral for loans!
a) Parmesan cheese
b) Chianti wine
c) Cattle
a) Parmesan cheese!
a) FDIC
b) NFT
c) FTC
a) FDIC
The interest cap for a payday loan in the state of South Dakota is ___.%
a) 33%
b) 36%
c) 37%
b) 36%
Name a reason why it's smarter to store unused money in a savings account instead of putting it under your mattress.
- The money will earn interest
- The funds are secure
- The funds are easier to move around
There are __ ATMs available in Antarctica.
a) 36
b) 12
c) 2
c) 2
Both of which are run by Wells Fargo.
Someone stole your debit card, and tried to use it to buy a plane ticket to Vegas! If your account features _______ _________ protection, you will not be held responsible for this charge.
Unauthorized Transaction
A savings account is meant to ______ money. A checking account is meant for ____________.
Store money; daily expenses
The term "Piggy Bank" comes from _______, where pigs are symbols of good fortune.
a) Finland
b) Germany
c) Austria
b) Germany
You went to get gas, and accidently overdrafted on your debit card. You had a balance of $10.00. The gas was $25.00. Your overdraft fee was an additional $40.00. What is your account balance now?
$55.00
Why do banks usually charge younger borrowers a higher interest rate?
Younger borrowers usually have little or no credit history.
Federal ______ ____________ (FTC) is a government agency that helps protect consumers against scams.
Federal Trade Commission (FTC)
Quit putting money in your mouth! Studies show that paper money is actually dirtier than a toilet seat. In fact, the flu virus can live on a dollar bill for up to:
a) 17 days
b) 9 days
c) 13 days
a) 17 days