Banking
Checking
Budgeting/Saving
Investing
Anything
100
A firm that manages money and provides financial services
What is a bank?
100
A card that enables users to withdraw money from their checking accounts.
What is a debit card?
100
The money you are paid BEFORE taxes are taken out
What is gross pay?
100
Short Term and Long Term
What is savings and investing?
100
A card issued by banks which is used as an IOU, but must be eventually paid back.
What is a credit card?
200
The bank of the banks of the U.S. Government and the Gatekeeper of the U.S. Economy.
What is the Federal Reserve?
200
A slip used to add money to your checking account
What is a deposit slip?
200
The money you actually take home AFTER taxes are taken out
What is net pay?
200
How quickly an investment is turned into cash
What is liquidity?
200
When a corporation divides the ownership into pieces to sell to investors called “shares”
What is a stock?
300
Insures up to $250,000 and serves as insurance for banks.
What is the FDIC?
300
This happens to your checking account when you write a check?
What is money subtracted?
300
The expenses that vary each month
What are variable expenses?
300
Promise made by a corporation or government to pay a certain amount of money & interest at a certain time
What is a bond?
300
The __________ the risk, the ___________ the return.
What is higher and higher, or lower and lower?
400
Must become a member and is a non-for-profit bank.
What is a credit union?
400
Making a payment using the internet
What is online bill pay?
400
A plan for using your money in a way that best meets your wants and needs.
What is a budget?
400
Portion of a profit kicked back to investors
What is a dividend?
400
What is a a wide range of services such as offer checking and savings accounts, loans, and financial advice.
What are commercial banks?
500
Interest, Fees, and Investments and Securities
What is the way banks make money?
500
When you write a check, but you do not have enough money in your account
What is a bounced check?
500
Taxes, insurance, retirement accounts, and bills taken out directly
What are deductions?
500
How figuring how long it will take your money to double is figured
What is the rule of 72?
500
A retirement account which allows money to grow tax free
What is a Roth IRA?
M
e
n
u