Banking
Basic Money
Investing
Credit
Budgeting
100
Type of account used to pay bills and pay for purchases
What is a checking account?
100
Fee charged is you spend more money than you have in account
What is overdraft charge? What is non sufficient funds charge?
100
_________ is the degree of uncertainty about the expected return from an investment, including the possibility that some or all of the investment might be lost.
What is risk?
100
2 pros and cons of having a credit card
What is get what you need, build credit history? pros What is pay fees/ finance charges, get into debt? cons
100
Which of these is a fixed expense?   a) gasoline b) telephone c) rent d) electricity
What is rent?
200
Type of account used to pay bills and pay for purchases
What is savings, checking, money market, investment?
200
Jamal started a landscaping business. He earns money each week mowing lawns, pulling weeds, and trimming hedges. He is paid by the hour. The money he earns is called:   a. debt b. price c. income d. saving
What is income?
200
Marika has saved $12,000 for her college expenses by working part-time. Her plan is to start college next year and she needs all of the money she saved. Which of the following is the safest place for her college money? a) Bonds b) A bank savings account c) Locked in her closet at home d) Stocks
What is a bank savings account?
200
True or False If you always pay the minimum balance on your credit card on time, you will not be assessed a finance charge.
What is false
200
A plan for spending and saving money during a particular period is called   a) a gross income plan b) deflation c) a credit d) a budget
What is a budget?
300
The maximum amount insured on a bank account by the FDIC
What is $250,000
300
What is the definition of value a. Value is the total amount of money you spend in one day b. Value is what a good or service is worth c. Value is what you pay when an item or service is on sale d. Value is the price of an item, minus tax
What is a good or service is worth?
300
The portion of a company’s profits paid out to shareholders is called a/an: 1. incentive 2. premium 3. capital gain 4. dividend
What is a dividend?
300
What does a credit card company do when you fail to pay your credit card bill on time? a) charge you a finance charge b) charge you a late fee c) charge you an over-the-limit fee d) both a and b ?e) all the above
What is charge you a finance charge and charge you a late fee a & b
300
An individual’s income before taxes are paid is called   a) gross income b) contract income c) net income d) premium income
What is gross income - a
400
a. When prices increase as time goes by b. The money you pay as a fee when you use a debit card c. The money that you earn as a percentage of your investment d. The total amount of money in a bank or investment account.
What is interest?
400
Q: A SMART goal is… Specific M_ _ _ _ _ _ _ _ _ Attainable R_ _ _ _ _ _ _ _ Time bound
What is measurable? What is realistic?
400
Fill in the blank with the correct term: _________ is the ease with which an investment can be turned into cash, without significant loss of value
What is liquidity?
400
The process of moving an unpaid credit card debt from one issuer to another is called… a) a finance charge b) a balance transfer c) diversification d) liquefying your assets
What is a balance transfer - b
400
Q. What is inflation?   a) The money that you earn as a percentage of your investment b) When prices increase as time goes by c) The money you pay as a fee when you use a debit card d) When prices decrease as time goes by e) The total amount of money in a bank or investment account
What is when prices increase as time goes by - b
500
3 Benefits of keeping your money in a bank
What is safety, interest, free check cashing?
500
Unlimited wants and limited resources illustrate the economic problem of:   a) Opportunity cost b) Capitalism c) Markets d) Scarcity
What is scarcity?
500
Explain the concept of “diversification.”
What is spreading your money over several different investments?
500
Q. Which of the following can affect a person’s credit score? a) number of open accounts b) late payment history c) not having any credit cards d) all of the above
What is d) all of the above number of open accounts, late payment history, not having any credit cards
500
Q: Place each word below in the correct location to make this equation correct. Liabilities Assets Net Worth ______ - ________ = __________
What is assets - liabilities = net worth
M
e
n
u