Financial Literacy 1
A financial institution that accepts deposits from the public.
A Bank
The knowledge and application of various financial skills.
What is financial literacy?
The abbreviation for an Automated Teller Machine?
What is an ATM?
He wants to go into Plumbing/Heating or play professional sports - baseball or hockey
Tanner Arsenault
Who are the 3 principals of Spaulding High School?
Who are Ms. Maurice, Ms. Busker and Ms. Miller?
A thing that is borrowed, especially a sum of money that is expected to be paid back in interest.
A Loan
The money charged for the privilege of borrowing money.
What is interest?
What the name for a paper document issued by an employer to pay an employee for services rendered.
A paycheck
She is an athlete for all seasons?
Who is Izzy White
Which governor graduated from Spaulding High School?
Governor Phil Scott or Deane Davis
A card issued by a bank that allows the account holder to transfer money electronically to another account when making a purchase.
What is a debit card?
Name 2 ways to improve your financial literacy.
Start budgeting, read about finances, take a personal finance class, set financial goals
Johnny really wants the new Playstation 5, which costs 800.00. Johnny has $20.00 in his bank account. However, he just received a credit card with a $2,500 limit. Should Johnny use his credit card to buy a PlayStation? Why or why not?
NO! Johnny should not use his credit card because he does not have enough money in his checking account. A person should never borrow money if they do not have the same amount in their checking account.
She plans to go to medical school and take vacations in tropical lands and he wants to be a graphic designer in Barcelona, Spain
Who is Emeline Maas and Sawyer Estill?
When was the original Spaulding High School opened?
When is 1890?
a card issued to consumers that is used to make purchases, with the agreement that the cardholder will ultimately pay back the card issuer for the cost of the items purchased, along with any agreed upon fees and interest
What is a credit card?
Money owed from one person to another person/an institution
What is a debt?
If Santiago bought a football that cost $21.50 and they ended up paying $23.43, what kind of tax did they pay?
What is sales tax?
During the summer, Mr. Gallagher observed two basketball players practicing their shots. The one person far out performed the other
Cutler Trombly hit more shots practicing than Jaxson Laik! Tucker the wonder dog was impressed.
What Spaulding team has won 12 state championships?
Spaulding Men's Basketball team
I have enough money to pay the balance of my credit card, but I just pay the minimum monthly payment. Is that the best financial decision? True or False
False
Paying the minimum amount is not the best decision. A person is charged interest when their credit card balance is not at 0 by the end of the month.
The maximum amount of credit a financial institution extends to a client on a credit card.
What is credit limit?
401(k) and IRA
What are retirement accounts?
I am a living calculator and soundboard- I can answer math questions fast, and I am good at making animal sounds.
Who is Silas Parrott?
Who was last year's principal and superintendent?
Luke Aither and Chris Hennessey