US Currency
True or False:
The nickel is our only coin that's not a clad coin or metal "sandwich"
What is True?
Which of the following could be done to balance a budget when the expenses exceed the income?
a) Decrease Earnings
b) Increase Savings
c) Decrease Spending
d) Increase Spending
What is 'c' Decrease Spending
You save $12 per month for 7 months. How much money total would you have saved up?
What is $84?
A line of credit that can be used, paid down, and used again is called a:
a) Secured line of credit
b) Revolving line of credit
c) Tiered line of credit
What is 'b' revolving line of credit?
Coins can stay in circulation for roughly how long?
a) 19 years
b) 30 years
c) 25 years
d) No Limit on Circulation Time
What is 'b' 30 years?
___________ is a convenient way for people to deposit checks through the phone.
a) Direct Deposit
b) Wire
c) Mobile Deposit
What is 'c' Mobile Deposit
A business owner receives a check from a customer for $5,000 for completing a project.
- The business owner must pay employees $1250 for their work for the project.
-There is also $567.50 worth of expenses for the project.
What is the business owners net income from the project?
What is $3,182.50?
What is a secure place to store valuables inside a bank's vault called?
What is a safe deposit box?
The U.S. Mint makes new coins every year. What percentage do the new coins make-up of the total amount of coins in circulation?
a) 20%
b) 10%
c) 5%
d) 63%
What is 'a' 20%?
When cashing or depositing a check, where do you endorse it?
What is on the back?
Messages sent out by scammers with the intent to collect personal information or banking credentials are sent via:
a) Text
b)E-mail
c) Mail
d) All the Above
What is 'd' all of the above?
Each year homeowners pay some money to the government. The amount they pay is based on the value of their home and land.
What is that tax called?
What is Property Tax?
What do you call someone who collects coins?
a) Numismatist
b) Geologist
c) Sociologist
d) Pannapictagraphists
What is 'a' Numismatist?
Sometimes a person will ask you to transfer money for them, or cash a check and then send them part of the money through other means to transfer illegally gained funds. A person who knowingly or unknowingly helps the criminal is called a __________.
a) Money Mule
b) Scammer
c)Trader
What is 'a' money mule?
Phishing refers to:
a) Cashing multiple checks at one time
b) Keeping your personal information secure and Private
c) Deceiving people to gain sensitive information
What is 'c' deceiving people to gain sensitive information?
What is the name of the US Government agency that collect federal taxes?
Hint: the abbreviation is IRS
What is the Internal Revenue Service?
How many ridges are on the outside of a quarter?
a) 59
b) 72
c) 212
d) 119
What is 'd' 119?
"For Deposit Only" is an example of which kind of endorsement?
a) Special Endorsement
b) Restrictive Endorsement
c) Qualified Endorsement
d) Conditional Endorsement
What is 'b' restrictive endorsement?
What is it called when an employer puts pay into the employee's bank account without writing a check?
What is Direct Deposit?
What is the name of the balance that is paid down on a loan and is not including interest?
What is principle balance?