Paystub
Basic Finance
General Trivia
Basic Finance 2
Vocab
100

What is the longest running American animated series/sitcom?

The Simpsons is the longest running American animated series, and American sitcom

100

What is a checking account? 

A spend account used for only spending 

100

The third planet from the sun

Earth

100

What is Direct Deposit  

A pay method that allows the employer to deposit a paycheck directly into your account 

100

Gross pay

What you EARN - Pre tax

200

How does a bank use your money? 

By loaning it to other people and generating income from interest rates on the loans

200

What is a savings account? 

An account that generates interest and is used as an emergency fund or to make big purchases 

200

What is unique about a boxer style engine? 

The pistons fire horizontal instead of vertical 

200

According to our notes, this is the most common method of paying an employee

Paycheck 

200

Net Pay

Your take home pay (post tax)

300

Free Space

Whoever chose this gets 300 points!

300

What is a Certificate of Deposit?  

A very safe savings account that locks your money for a specified amount of time and gains interest. 

300

This comet passes Earth every 75 years 

Halley's Comet

300

What is an MMA?

A Money Market Account and gains more interest than the average Checking/Savings account but has more risk as well

300

Opportunity Cost

The next best thing you missed out on when making your decision.

400

Who is responsible for ensuring all information on a paystub/paycheck is correct? 

You! 

400

Which is more important on a check, the written amount or the numerical amount? 

The written amount supersedes the numerical amount 

400

Harry Potter and the Sorcerer's Stone was originally called?

Harry Potter and the Philosopher's Stone 

400

Briefly explain the importance of wants

Wants are not needed for survival but some wants are needed for life fulfillment

400

FICA

Federal Insurance Contribution Act

500

What is the FDIC? What does it do? 

Federal Deposit Insurance Corporation. It insures our money up to $250,000

500

Explain the difference between and Online Savings account and a traditional savings account. BE VERY SPEIFIC 

Traditional is through a brick and mortar bank and can be accessed online. Has very low interest rate gains 

Online is only accessible online and has a higher interest rate 

500

What is the literal and figurative meaning of the Latin phase "Sub Rosa"

under the rose/to meet in secret 

500

What does it mean to diversify your account? 

Invest in many different types of stock/investments to reduce risk in case of a crash 

500

Outstanding Check 

A check that has been written but not yet deposited 

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