The Basics
Known by its more common abbreviation, this is the official currency used throughout the United States.
What are United States Dollars ($USD)?
Professionals recommend to teach children good money management skills at a young age, most commonly through this animal themed safekeeper.
What is a piggy bank?
This type of payment card withdraws money directly from your bank account when you make a purchase.
What is a debit card?
When people invest in a company, they buy a portion of its ownership, known as this.
What is a stake or stock?
Jenna needs to buy groceries but she doesn’t get paid until Friday. What should she do to ensure she can still get what she needs?
What is use a credit 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?
Jimmy has learned to make money on the stock market, quitting his job and becoming known as this.
What is a day trader?
Sometimes you can’t buy something at its full price, so you’ll apply for one of these, to slowly pay off what you owe.
What is a loan?
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?
Mr. and Mrs. Rodgers are looking for a new wonderful neighborhood, so they go to the bank to apply for this.
What is a mortgage?
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?
From the lowest possible rating to the highest, this scale measures how reliable someone has been with borrowed money.
What is credit score?
We all start somewhere, but his company started at near-zero, before growing at the highest percentage rate ever seen, estimated to by around 400,000%.
What is Apple, Inc.?
Julian has a gambling addiction. He knows that he is irresponsible with his money, and wants to make passive income without it being accessible. What type of account is in his best interest?
What is a Certificate of Deposit account?
DAILY DOUBLE
Most people care more about the number on a bill before the face. Name 6 of the 7 people who represent US dollar bills.
Who are George Washington, Thomas Jefferson, Abraham Lincoln, Alexander Hamilton, Andrew Jackson, Ulysses S. Grant, and Benjamin Franklin.
Money isn’t the only thing people like to save, often placing valuables like jewelry or family heirlooms in the bank inside one of these.
What is a safe deposit box?
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
While investors like to keep all their eggs out of one basket, most keep all of their baskets in one place, known as this.
What is an investment portfolio?
Rafael is up to his neck in credit card debt, is behind on his mortgage and car payments, and decides to fall back on his last resort.
What is going bankrupt?