Bank Accounts
This type of account typically has checks and/or a debit card used for daily spending
What is a checking account?
True or False: A good way to spend your money to invest in the future is by buying lottery tickets.
This term refers to any item that is withdrawn from an account
What is Debit?
This famous basketball player wore #23 for the Chicago Bulls
Who is Michael Jordan?
This type of account is meant for saving money and typically earns interest
What is a savings account?
This is a process of planning out your monthly expenses and deciding how much money goes toward each category.
What is a budget?
This term refers to anything that is deposited into an account
what is credit?
This type of account, money is put in for a set term (Time Frame) it earns higher interest, but you get a penalty if you withdraw early
What is a CD?
Certificate of Deposit
Netflix Subscription
what is want?
If Jorge saves $100 a month. This is how much he will have after 2 years.
What is $240?
What is fraud?
Who is Barry Bonds?
This is an account that you can deposit funds into, that earns interest for your retirement.
What is an IRA
Individual Retirement Account?
what is need?
Your savings account should have this amount at all times.
3 months' worth of expenses
This is a transfer from one bank to another bank that usually charges a fee.
What is a wire transfer?
This man wore both #32 for Mizzou and for the chiefs where he currently plays
Who is Nick Bolton?
This account is typically offered by an employer, where they will match what is contributed by yourself
What is a 401-K?
Cell phone
What is both?
This is what you earn when you put your money into a bank and it pays you a percentage back of that money?
What is interest?
This is what the following acronyms stand for
APY
APR
What is Annual Percentage Yield and Annual Percentage rate?
Who is Kurtis Boucher?