Find a Penny
Which President is on the penny?
This type of bank account typically pays very small interest rate on your money:
typical savings account pays less than 1% interest rate
What decade did credit cards first appear?
what decade (19__)
1950s was the first decade of credit card usage
Getting a loan is easier if you have a strong _____ Score
Credit (score)
What does the S stand for, in SMART goals?
Specific
Which president is on the quarter?
George Washington
This type of account allows you to pay others with a slip of paper that contains the relevant information
Checking Account
True or False: A credit card balance MUST be paid in full each month
This money is called _______
Down Payment
What does the M stand for, in SMART goals?
Measurable
Which President is on the nickel?
Thomas Jefferson
Name the main difference between a bank and a credit union
Banks are FOR PROFIT businesses, owned by share holders
Credit Unions are NON PROFIT co-ops, owned by members
Credit Card is borrowing money from the company
Debit Card is taken directly from your Bank Account
When you borrow money, your bank charges ______ which is how the bank makes money
interest
What does the A stand for, in SMART goals?
Action
or Action-Oriented
Which president is on the dime?
Franklin D Roosevelt
In what era did the most bank robberies occur?
1930's
Great Depression
True or False: Credit Cards are "safer" than a Debit Card
True: If someone commits fraud on your Credit Card, the money stolen is the Credit Card company's.
If someone commits fraud on your Debit Card, that money comes directly from YOUR account
If a bank lends you money with NO collateral, this is called an _________ loan
unsecured (loan)
What does the R stand for, in SMART goals?
Reachable
Which president is on the Half Dollar coin?
J.F.K.
John F Kennedy
What does FDIC stand for?
Federal Deposit Insurance Corporation
They insure your money, up to $250,000. per account
What is the average credit card debt, in dollars, that Americans carry?
(answer within 2,000 dollars is acceptable)
6,700 dollars was the typical average credit card debt in 2024
What does APR stand for, when discussing loans?
What does the T stand for, in SMART goals?
Time
or Time-bound