Banking 101
This President is on the 1$ bill
Who is George Washington?
How many times is the inflation rate calculated per year?
What is 12
A way to buy now and pay later?
What is credit?
How old do you have to be to open a savings account?
What is 18 years old?
conditions or situations that increase the probability of an insured loss occuring
An account where the primary focus is to save money
What is a savings account?
How is inflation measured?
What is the inflation rate?
The name of the machine into which you can insert a card and withdraw money from your account.
What is the ATM?
Who has the responsibility to keep your money safe and secured?
What is the bank?
A form of financial protection that eases the financial burden people may experience as a result of illness or injury
What is health insurance?
An account with only one person on it
What is an individual account?
A sustained drop in price level
What is deflation?
The money taken out of an account
What is withdraw?
What is required for a savings account?
What is social security?
A legal responsibility for the financial cost of another person's lossess of injuries
What is liabilty
These are used to pay for something when you do not have checks or cash
What is a credit card?
Income does not increase even when prices go up
What is fixed income?
The amount of money put into an account
What is deposit?
There is no interest charged on debit card purchases. T/F?
What is true?
Protection against possible financial loss
What is insurance?
An account with two or more people on it
What is a joint account?
Measure that examines the weighted average of prices of a basket of consumer goods and services
What is consumer price index?
A list of planned expenses and income
What is a budget?
The money, time, or other resource that one has saved.
What is savings?
Coverage that provides protection for your residence and its associated financial risks
What is homeowners insurance?