Financial Literacy
A for profit financial institution, which pays interest, makes loans, and is privately owned.
Bank
Businesses and citizens pay ____________ to pay for government services.
Taxes
You must write your checks with this type of writing utensil.
What is a pen?
The total of all expenses needed to run a business.
Operating costs
CFO means
What is Chief Financial Officer?
To put a check or cash into your bank account you must complete a ________________ .
Deposit ticket
What type of economy does JA BizTown have?
Free market or free enterprise
The person who works for a business is called a (an) ____________.
Employee
A ___________ is a plan for saving, spending, and managing money.
Budget
Person who is an innovator, recognizes opportunities, and organizes resources to make a product
What is an entrepreneur?
When you make a deposit or a withdrawal you must record it on your ________________.
Money tracker
_________pay is the amount of money an employee earns before taxes or deductions are subtracted.
Gross
To sign the back of a check
What is endorse it?
What is the revenue for a business that produces baseballs for $2.00 and sells 100 baseballs for $5.00 each?
$300.00
Generally speaking, when one works over 40 hours/week
What is overtime?
Using this is a convenient way to pay using your own money, but you need to remember your PIN.
Debit card
The amount of a good or service that is available
What is supply?
The amount of money in your account is called
What is a balance?
If the cost of producing an item is more than the revenue, the business will _____________ money.
Lose
radio and tv ads were supposed to be this long
What is 30 seconds?
When you deposit money into your bank account, the bank pays you __________ on your savings.
Interest
Which document gives Congress the right to collect taxes?
The Constitution
Personal Identification number
What is a Pin?
In advertising, businesses will use jingles, a logo, or a _________ to persuade people to want to buy goods and services.
Slogan
when you take cash out of your account, it is called a
what is withdrawl?