Characteristics of Money
This characteristic means money can be easily transported and used anywhere.
What is Portability?
This type of bank account is commonly used for everyday spending and transactions.
What is a Checking Account?
This is a building or business that works by storing your money and lending it out to others.
What is a Bank?
This is what you borrow in order to pay for things.
What is Credit?
The most traditional form of payment before credit cards, often exchanged in paper or coin form.
What is Cash?
What is Mr Lenh's favorite cold desert?
What is Ice Cream?
Money must be able to last through repeated use without wearing out, demonstrating this trait.
What is Durability?
Many employers offer this service to deposit an employee’s paycheck directly into their bank account.
What is Direct Deposit?
This is a loan used to buy a home.
What is a Mortgage?
This refers to how long you have had a line of credit.
What is Credit History?
A payment card linked directly to a person’s bank account, allowing immediate withdrawals.
What is Debit Card?
What is Mr Lenh's highest educational degree?
What is a Master's Degree?
To make transactions easy, money must be split into smaller units, showing this characteristic.
What is Divisibility?
This is a banking penalty when minimum payments are not made on time.
What is a Late Fee?
These loans are meant to pay for someone's college education.
What is a Student Loan?
The percentage charged by credit card companies for borrowing money.
What is Interest Rate (APR)
?
A plastic card that allows users to borrow money for purchases and pay it back later.
What is Credit Card?
This is the sport that Mr Lenh's business specializes in.
What is archery?
If money were unlimited, it would lose value. This characteristic ensures money remains valuable.
What is Scarcity?
This type of time deposit account locks in money for a set period in exchange for a higher interest rate.
What is a Certificate of Deposit?
This word is used to describe how long you have to pay off a debt.
What is a Term Length?
This term refers to the least amount you are required to pay to avoid a late fee.
What is the Minimum Payment?
Before electronic banking, people used these paper slips to authorize payments from their accounts.
What is Check?
What was the last food item that Mr Lenh brought for the whole senior class?
What is a Donut?
Money has to be something that most people in our society will take as a form of payment.
What is Acceptability?
This banking feature prevents transactions from being declined when an account has insufficient funds.
What is Overdraft Protection?
This is what happens when someone is no longer able to pay the debts they are owed.
What is Bankruptcy?
This is a detailed summary of your credit history.
What is a Credit Report?
What is Bartering?
The name of his favorite virtual artist
Who is Hatsune Miku?