CURRENCY
Total number of quarters in $10
What is 40 quarters = $10
The machine used to dispense money after banking hours
What is an Automated Teller Machine or ATM
A written plan for how money will be obtained and spent
What is a budget
The total amount of money earned before deductions
What is Gross Pay
The only way to NOT incur interest on your credit card
What is paying the balance in FULL
The total amount in two $20 bills and eight quarters
What is $42
The term of putting money into your bank account
What is DEPOSIT
This is the first step in building a budget — figuring out how much of this you bring in each month.
What is income
The total amount of money earned after deductions
What is Net Pay
A fee the bank charges you for spending more than you have in your checking account
What is overdraft fee
The president whose picture in on the $100 bill
Who is Benjamin Franklin
The two types of bank accounts
What is CHECKING and SAVINGS
Groceries, entertainment, and gas are examples of this kind of expense that can change month to month.
What is variable/flexible expenses
People usually file their taxes how many times a year
What is once a year
The term used for monthly payments on a house you own
What is mortgage
True or False: The $1000 bill is still being made
What is False
(The $1000 bill hasn't been produced since 1946)
The balance of your account if you deposited $100, $45 and $50 then withdrew $60
What is $135
Expenses that stay the same every month - like rent or car payment.
What is a fixed expense
This tax is added to the price when you buy something at a store.
What is sales tax
The number used to indicate to lenders how much they can trust you with borrowing money.
What is credit score
The highest denomination of a coin
What is a silver dollar coin
What is the difference between a debit card and credit card?
Debit cards use your own money; credit cards borrow money from the bank.
The percent of Americans who report not having an emergency fund
What is 31%
The 3-letter agency responsible for collecting federal taxes
What is the IRS (Internal Revenue Service)
The term FAFSA stands for
What is Free Application for Federal Student Aid