The Basics
Known by its more common abbreviation, this is the official currency used throughout the United States.
What are United States Dollars ($USD)?
This type of payment card withdraws money directly from your bank account when you make a purchase.
What is a debit card?
This financial term refers to the total value of a person's assets minus their liabilities (what they own vs what they owe).
What is net worth?
According to the popular 50/30/20 budgeting rule, this percentage of your income should generally be set aside for savings and investing.
What is 20%
Whether using a magnetic stripe, chip, or contactless technology, these are the three ways you can pay with a physical debit or credit card.
What are swipe, insert, and tap?
The global markets experienced this type of sudden downturn in early 2020 as uncertainty surrounding a worldwide health crisis caused major stock declines.
What is a crash?
This feature of a savings account pays you simply for keeping your money deposited in the account.
What is Interest?
Before receiving cash from an ATM, users are often asked to select one of these three sources of funds.
What is Checking, Saving, and Credit?
Located in Lower Manhattan, this famous financial district is home to major stock exchanges and has become a global symbol of investing and finance.
What is Wall Street in New York City?
From the lowest possible rating to the highest, this scale measures how reliable someone has been with borrowed money.
What is credit score?
Name one alternative method of payment besides cash, digital transfers, or checks.
What are Money Orders, Barter (Quid-pro-quo), or Stocks?
Most financial advisors will say that letting your money make you money is the most effective strategy for attaining wealth, and recommend opening this, which holds the highest interest.
What is a high-yield savings account?
Give one advantage and disadvantage for a credit card and a debit card.
Credit: More flexible spending and able to build credit (+), Easy to fall into debt (-)
Debit: Keeps your money safe with interest possibilities (+), Restricted to what you have