MONEY
SPENDING
CREDIT&CARDS
DEBIT CARDS
Banking
100
What are the 5 types of money?
Fiat, Commodity, Fudiciary, Representative, & Commercial Bank Money
100
What is S.M.A.R.T.?
Specific, Measurable, Attainable, Realistic, Time Frame.
100
Where are 3 places credit is used?
School, Banks (high credit, low credit), Bank (Credit Cards)
100
What do you need to use a debit card?
A PIN.
100
What is E-Banking?
E-Banking is using the internet to withdraw, deposit, o transfer money.
200
What is bartering?
The direct exchange of one good for another.
200
What is budget?
Spending plan.
200
What is the range for a FICO score?
300-850
200
What does PIN stand for?
Personal Identification Number.
200
What is another type of banking?
Traditional banking, where you have to physically go to the bank and have contact with people.
300
Who were the first to use paper money?
T'ang dynasty; Chinese
300
What is the difference in a need and a want?
A need is something required to survive, where as a want is something not required, but desired.
300
What are the top 3 credit scoring companies?
Equifax, Transunion
300
What should be written on the back of a Debit Card?
Your signature and "See ID"
300
What do you need to take when opening a checking account?
Printed Name, Signed Name, Social Security Number, Phone Number, Address, Date of Birth, and an Initial Deposit
400
What century did coins become popular?
The 18th.
400
What is the difference between income and expense?
Income is the money that is earned, and expense is the money that is spent.
400
Who is the CEO of FICO?
Dr. Mark Green
400
How does a debit card work?
When the card is read, the money is immediately taken out of the account it is linked to.
400
What does the 21st Century Act insure?
It is to keep checks from bouncing.
500
What is value?
How much an item is worth.
500
What are the four major expenditures, and name at least 3 other expenditures.
1. Housing 2. Transportation 3. Food 4. Insurance 1.Savings 2. Entertainment 3. Personal Care 4. Clothing 5. Donations
500
What is the name of a person who can give credit?
A lender.
500
When is the only time you should give a card number out?
Only when making a purchase.
500
What are 3 benefits of E-Banking?
24 Hour Access Fast No paper Variety of methods Convenient Worldwide access
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