💵 Money & Banking
A place where people deposit money and borrow loans.
Answer: Bank
Interest earned on both the principal and past interest.
Answer: Compound Interest
A check guaranteed by the bank.
Answer: Cashier’s Check
How easily money can be turned into cash.
Answer: Liquidity
General Knowledge – Name one typical Colombian food.
Answer: Arepa, Bandeja Paisa, etc.
A nonprofit financial institution owned by members.
Answer: Credit Union
Rule used to estimate how long it takes money to double.
Answer: Rule of 72
A prepaid piece of paper to send money safely.
Answer: Money Order
Idea that money today is worth more than in the future.
Answer: Time Value of Money
A secure box in the bank for valuables.
Answer: Safe Deposit Box
U.S. agency that protects bank deposits up to $250,000.
Answer: FDIC
Government savings product that doubles in value.
Answer: Savings Bond
A personal check verified by the bank as having funds.
Answer: Certified Check
When prices rise and the value of money decreases.
Answer: Inflation
Period when unemployment is very high and economy very weak.
Answer: Depression
Agency that protects deposits in credit unions.
Answer: NCUA
A savings product where money must stay for a fixed time.
Answer: Certificate of Deposit – CD
General Knowledge – What is the most recent iPhone model?
Answer: iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, iPhone Air, and iPhone 16e
When prices fall and the value of money increases.
Answer: Deflation
Period when economy slows down for at least 6 months.
Answer: Recession
A bank service where your paycheck goes directly into your account.
Answer: Direct Deposit
General Knowledge – How many different versions of the US flag have existed?
Answer: There have been 27 official iterations of the American flag since its first adoption in 1777, with each change primarily adding a star to the flag as a new state joined the Union. The current 50-star version has been in continuous use since July 4, 1960, after Hawaii became the 50th state.
Special checks used while traveling.
Answer: Traveler’s Checks
General Knowledge – What is one common traffic law in Chesterfield, Virginia?
Answer: Seat belts are required for all passengers / Speed limit must be followed as posted
A person who starts their own business.
Answer: Entrepreneur