Savings account
Most basic account to begin saving money.
What is a savings account?
A fee received or paid for the use of money.
What is interest?
A business that provides money related services.
A tax on earnings from wages salaries, tips, interests, rents, and capital gains, and dividends from stocks.
What is income tax?
A record of income and spending and a plan for managing money.
The money you earn for keeping funds in your savings account.
What is interest?
A web only bank.
What is a internet bank?
A not-for-profit cooperative that offers bank services and is owned by it members.
What is credit unions?
A percentage tax imposed on the retail price of most items.
What is sales tax?
Money available to spend on goods and services that are not essential.
What is a discretionary income?
only people 16 years or older can have a savings account true/false.
What is false?
An amount deducted from a bank account.
What is debit?
A for-profit institution that offers personal loans, mortgages, and other services.
What is a bank?
Total amount of earnings made over a month before any deductions.
What is gross monthly income?
Expenses that do not change from month to month, such as auto insurance or rent.
What is a fixed expenses?
represents a fractional ownership in a company.
What is stocks.
A legal process that gives a debtor protection from the creditors.
What is bankrupcy?
A wireless service that allows financial transactions by using an app or web browser from a mobile device.
what is mobile banking?
Income amount remaining after a years worth of deductions have been taken.
What is net annual income?
Expenses that vary from month to month, such as entertainment, car repairs, or doctor bills.
What is a variable expenses?
essentislly an IOU.
What is a bond?
A written order for a bank to pay money.
What is a check?
An electronic way to view account activity and pay bills via and internet and an institution website.
What is online banking?
Required payments to a government.
What is taxes?
The next best alternative given up when making a financial choice.
What is a opportunity cost?