MY ACCOUNT
A _____ card draws directly from a checking account to make purchases or withdrawals.
DEBIT CARD
Last year, a large cheese pizza cost $10. If this year that same pizza costs $14, this is an example of?
A. INFLATION
B. SUPPLY AND DEMAND
C. POOR PEOPLE PROBLEMS
INFLATION
A printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account.
A. ONLINE BANKING
B. BANK STATEMENT
C. DEPOSIT RECEIPT
BANK STATEMENT
Who was the first lady to appear on US currency?
A. MARTHA WASHINGTON
B. SUSAN B ANTHONY
C. SACAGAWEA
MARTHA WASHINGTON
**Martha Washington appeared on a $1 silver certificate in 1886 and 1891, as well as on the back of the $1 silver certificate in 1896.
A United States routing number is this many digits long.
9 DIGITS
I have $100 and want to buy a Christmas gift for my mom, my dad, my brother, and my sister of equal cost. How much can I spend on each person?
$25.00
Annual Percentage Yield tells someone how much _______ someone is earning on their account over the course of a year.
INTEREST
This became a slang term for a dollar because deerskins used to be used as currency.
BUCK
A long-term online scam that involves tricking victims into investing money in fraudulent schemes.
A. PHISHING
B. PIG BUTCHERING
C. IDENTITY THEFT
My car’s gas tank is empty. Gas is $3.00/ gallon and I have $15.00. My car gets 20 miles per gallon. I need to drive to AND from my grandma’s house who lives 50 miles away. I have
A. Exactly enough money/ gas
B. More than enough money/ gas
C. Less than enough money/ gas (sorry grandma ☹)
Exactly enough money/ gas
Account that allows customers to earn interest on their deposits if they leave the money in the account for a set period
CD – CERTIFICATE OF DEPOSIT
The Bureau of Engraving and Printing produces about _____ of currency per day.
A. $572 THOUSAND
B. $160 MILLION
C. $696 MILLION
$696 MILLION
To set up direct deposit from an employer, they will need to be supplied with these two numbers.
ROUTING AND ACCOUNT
I set aside $50.00/ month from my 12th birthday to my 18th birthday. How much money will I have saved?
$3600.00
The rule of __ is a formula that tells you how long it will take for an investment to double: Time=X/Interest Rate
A. 72
B. 60
C. 100
72
When was the last time the US Bureau of Engraving and Printing printed banknotes larger than the $100 bill?
A. 1945
B. 1969
C. 1861
1945
**On July 14, 1969, the Federal Reserve and the U.S. Department of the Treasury announced that banknotes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued due to lack of use. Although they were issued until 1969, they were last printed in 1945.
The 2 pieces of identifying information an individual needs in order to open a bank account (name 2 of 6).
NAME, SSN/ TIN, EMPLOYER/ OCCUPATION, PHYSICAL ADDRESS, DOB, IDENTIFICATION DOCUMENTS
How many years will it take for my $125,000 to become $1,000,000 at a 10% annual interest rate. Hint Time=72/Interest Rate
A. 18.3 YEARS
B. 41.5 YEARS
C. 21.6 YEARS
21.6
IRA stands for ____ ______ _____
INDIVIDUAL RETIREMENT ACCOUNT
All US currency since 1956 has had this phrase printed on it __ ___ __ _____
IN GOD WE TRUST