Bank Accounts
This type of bank account helps you save money and usually earns a little bit of interest over time.
What is a savings account?
You should do this to make sure you have enough money for future needs or emergencies.
What is saving?
What do banks do in order to make money and operate properly?
What are we teaching you?
What is Financial Literacy?
This account lets you easily deposit and withdraw money for everyday purchases.
What is a checking account?
This is a special amount of money set aside for unexpected expenses like car repairs or medical bills.
What is an emergency fund?
What is the name of a charge made when you fail to comply with the banks policies?
What is a fee?
What is it called when you put your money into a business/company in the hopes that you will gain a return?
This is the extra money you can earn from the bank by leaving your money in your account
What is interest?
This is a plan to help you manage your money by deciding how much you can spend and save
What is budgeting?
What was the name of the act that set/issued the national currency that we have today?
What is the National Bank Act?
This is the name for the smallest amount of money that must stay in your bank account to avoid fees or other issues.
What is a minimum balance?
These are the names of the two categories used to classify how to spend your money
What is Wants vs. Needs?
What is a debit card?
This is the type of account that only allows a limited amount of withdrawals
What is a savings account?
This is the ideal amount of money you should aim to have saved.
What was the strategic and racist practice used to deny/restrict access to financial services to areas that housed minority families.
This in turn led Black and colored families being unable to build ___?
What is redlining?
What is generational wealth?
What is the concept that describes the trade-off between potential losses and potential gains.