Money Basics
What do we call the coins and bills we use to buy things?
Money
What is a place where people keep their money?
If something costs $6 and you have $7 how much is left over?
$1
How many cents are in a dollar?
100
What is the name for money that goes into your bank account?
A deposit
True or False:
A bank keeps your money safer than your smelly sock drawer
TRUE!
If you buy a toy is that saving or spending?
Spending
Which coin is worth the most?
Quarter
What do we call money you get and keep for later?
Savings
What do you call the machine you use to get money from your bank account?
ATM
Name one reason saving money is important
For the future, emergencies, something special
Which coin has a picture of Abraham Lincoln?
The penny
What do we call money people earn from jobs?
Income
What do you call the number that protects your debit card?
A Pin Number
Where do you keep savings at a bank?
Savings Account
What does “value” mean?
How much something is worth
Where do banks get money from?
The Fed
What is one BIG difference between a bank and credit union?
Banks are for-profit, credit unions are non-profit
What tool helps you keep track of the money you earn and spend?
A budget
Which coin has smooth edges: a nickel, dime, or quarter?
A nickel