Banking
A safe place where people keep their money.
What is a bank?
The ability to understand and manage your money in a smart way so you can reach your goals.
What is financial literacy?
True or False: Stocks represent ownership in a company.
The money you receive from your job
What is a salary?
Money you borrow and promise to pay back
What is credit?
What is a target customer?
A group of potential customers.
When you take money out of your bank account.
What is a withdrawal?
Things you must have to live and function.
What is a need?
Things you own that goes up in value over time.
Appreciating assets
The lowest hourly wage a employer can pay their employee.
What is the minimum wage?
The highest amount of credit a financial institution gives to a client on a credit card.
What is credit limit?
What is Entrepreneurship?
When someone creates and run their own business.
When you put money into your bank account.
What is a deposit?
Things that are nice to have but are not necessary.
What is a want?
Things you own that loses value over time.
Depreciating Assets
Money received, especially on a regular basis, for work or through investments.
What is income?
A card that lets you borrow money to make purchases
What is a credit card?
What is a product?
A physical item of value. Sold by a business to a customer.
The abbreviation for an Automated Teller Machine?
What is a an ATM?
Bills and Loans are examples of
What is a liability?
A holder or owner of stock in a company or corporation.
What is a shareholder?
A plan for how you will earn, spend, and save your money
What is budgeting
A number that shows how well you manage money and credit.
What is a credit score?
What is a service?
An activity provided by a business to a customer.
A type of bank account used for everyday spending. You can use it to pay bills, buy things, or take out cash.
What is a checking account?
Things you spend money on.
What are expenses?
The current cost of one share of a company’s stock. It’s the amount of money you need to pay to own a single piece of that company.
What is Share Price?
What's the name for a paper document issued by an employer to pay an employee.
What is a paycheck?
Extra money you pay for borrowing
What is interest?
What is a competitor?
Another business that sells the same or similar products and services as yours.
When you borrow money and agree to pay back later.
What is a loan?
Debts that are owed by someone.
What is a liability?
Using your money to buy something that can grow in value over time, helping you make more money in the future.
What is investing?
Currency is another word for
money
What does it mean to “default” on a loan?
You failed to pay it back
What is a brand?
A name, design, symbol that distinguishes one entrepreneur's product or services from others.
Routing and account number, can be found at bottom of a__
A check
The value of one's assets minus one's liabilities
What is net worth?
A payment that a company gives to its shareholders as a REWARD.
What is a dividend?
Always place this at the bottom right of your check.
A signature
A record of your credit activity and payments
What is a credit report?
What is Price?
The amount of money a customer pays to purchase4 a product or service.