Currency
The basic unit of money in the United States.
What is the dollar?
Putting money aside instead of spending it.
What is saving?
A place where you can deposit or withdraw money.
What is a bank?
A card that lets you borrow money to pay for things.
What is a credit card?
What is China?
Currency exchange happens when you travel to one of these.
What is a country?
A plan that shows how money will be spent.
What is a budget?
This accounts lets you write checks or use a debit card.
What is a checking account?
The money you owe when you borrow from the bank.
What is debt?
This metal was commonly used to make coins in ancient times because it was durable and valuable.
What is silver?
The official currency of Japan.
What is yen?
Spending money on something you want and don't need, and likely costly.
What is a luxury purchase?
This account earns interest over time.
What is a savings account?
What is a credit score?
Before money, people used this method to trade goods.
What is bartering?
The official currency of Ecuador.
What is the US Dollar?
Money saved for the case of a crisis.
What is an emergency fund?
Code needed to access an automated teller machine.
What is a PIN?
An extra amount of money that builds over time from a loan.
What is interest?
Central banking system established in 1913 by the United States to stabilize economy and manage money supply.
What is the Federal Reserve?
Economic condition referring to an extremely rapid increase in general prices caused by excessive money printing.
What is hyperinflation?
An expense that stays the same each month, like rent or a car payment.
What is a fixed expense?
Federal agency that ensures deposits in US banks up to a certain limit, protecting consumers if a bank fails.
What is the FDIC (Federal Deposit Insurance Corporation)?
Failure to pay back a loan.
What is a default?
Theodore Roosevelt was given this name due to his breaking up of corrupt business corporations.
What is a trust-buster?