Banking
What do we call a personal account that holds one's money?
Checking Account
True or False: You own the money in a credit account.
False; you borrow the money.
True or False: In general, stocks are riskier than bonds.
True
What do we call the extra money added to a loan after time?
Interest
When did the first Thanksgiving take place? Closest year gets the points.
1621
The action of taking money out of an account is called a .
Withdrawal
What is the range of a credit score?
300 - 850
True or false: When you own a share of a bond, you own part of the company you bought from.
False; Stock
Find the price of a bond if it is 98.75% of its face value ($1000)
$987.50
What president made Thanksgiving a national holiday?
Abraham Lincoln
What do we call the monthly document that lists all transactions of a bank account?
Bank Statement
What factor of a credit score affects the score the most, and approximately what percent?
Payment History; 35%
Who makes buys or sells stocks and bonds directly?
Stockbroker
A stock that has a closing price of $5.67 had a change from its previous day's closing price of -$0.98. Find the closing price of the previous day.
$6.65
What year did Macy's Thanksgiving Parade begin? The closest year gets the points.
1924
What is the process of confirming transactions in a bank statement follow with what we track?
Statement Reconciliation
What percent of your credit limit should you use?
30%
How many shares of stocks are included in a round lot?
100
235 shares of stocks are sold for $10 each. If a stockbroker charges 2% for round lots and 5% for odd lots, what is the commission price?
$57.50
Which US State raises the most turkeys?
Minnesota
What do we call the number on the bottom of the check that is the identification of the bank
Routing Number
Name all five factors that contribute to a credit score.
1. Payment History
2. Amount Owed
3. Length of Credit History
4. New Credit
5. Types of Credit
A bond is a loan made by a company, and it reaches its full value at the end of the loan term. What do we call that final value?
Maturity Value
You sell 150 stocks for $70 each. If your stockbroker charges 3% for rounds lots and 4% for odd lots, what is the total you earn?
$10,150
Under what president was Thanksgiving temporarily moved to the third Thursday of November?
Franklin D Roosevelt