a financial establishment that invests money deposited by customers, pays it out when required, makes loans at interest, and exchanges currency.
What is a bank
100
make (someone) stronger and more confident, especially in controlling their life and claiming their rights.
What is empowering
100
The amount of money left in profit after you subtract expenses.
What is net profit
100
a thing constituting a piece of evidence about the past, especially an account of an act or occurrence kept in writing or some other permanent form.
What is records
200
What does Biz Kids focus on?
What is budgeting, saving, and giving back.
200
an estimate of income and expenditure for a set period of time.
What is budget
200
The tracking of expenses and transactions
What is financial diary
200
the loss of potential gain from other alternatives when one alternative is chosen.
What is opportunity cost
200
keep and store up (something, especially money) for future use.
What is save
300
What does Biz Kids want students to get out watching these episodes?
What is financial literacy and entrepreneurship skills.
300
a certificate issued by a bank to a person depositing money for a specified length of time.
What is certificate of deposit (CD)
300
the object of a person's ambition or effort; an aim or desired result
What is goals
300
A payment required as a result of breaking the law or sometimes for breaching the terms of a contract
What is penalty
300
accounts maintained by retail financial institutions that pay interest
What is saving account
400
What is Biz Kids?
What is a national financial literacy initiative?
400
interest added to the principal of a deposit or loan so that the added interest also earns interest from then on. This addition of interest to the principal is called compounding.
What is compound interest
400
The total amount of income before expenses are subtracted
What is gross profit
400
a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
What is profit
400
The process of tracking purchases versus the amount of money that you make.
a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
What is credit union
500
expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.
What is invest
500
having or showing a sensible and practical idea of what can be achieved or expected.
What is realistic
500
pay out (money) in buying or hiring goods or services.