Banking terms
Institutions that hold money, lend money, and provide other financial services.
Banks
What is one reason that we need banks?
1) to keep our money safe
2) to be able to get a loan
You've been saving up your allowance and now you want to store it somewhere safe. You give your money to a trusted institution to hold onto it for you.
A bank
Chase
Huntington
P & C
Bank of America
Money available for you to borrow that you pay back at the end of the month.
Credit
What do you open when you want to become a member of a bank?
An account
You're buying a new bike but you don't have enough money right now. You're given the funds you need with the agreement you'll pay it back over time, usually with some extra (interest).
Loan
This is a series of movies that has the main villain that is named Michael Myers.
Halloween
Money that the bank lends to you, which you have to pay back usually with interest.
Loan
You can take out money even if you didn't put any money in an account at a bank. True or False.
False
You want to use a financial institution where you get a say in how things are run because you're a member and part-owner.
Gabby or Morgan
When you add money into your bank account.
Deposit
Just like in our game that we played in class, you can transfer money between checking and savings accounts at a bank. True or False
True
You've spent your afternoon at a local yard sale and now you have some extra cash. You want to take it out of your pocket and put it into your bank account.
Deposit
Ms. Bissell coaches girls wrestling at Woodridge. True or False.
False, she is a cheerleading coach at Woodridge.
When you take money out of your bank account
Withdrawl
Online banking, and direct deposits are some of the great benefits from having an account at a bank. True or False.
True
You need cash for a weekend outing with your friends. You go to a machine or a teller and get some money from your account.
Withdrawl
This song from the king of pop went viral for involving dancing zombies and monsters and a long music video that ended with some green glowing eyes.
Name song and artist