Banking Basics
This Number Identifies a specific customers account at a bank
What is a bank account Number?
This Card Allows you to borrow money that must be repaid later
What is a credit card?
This account earns interest while keeping money accessible
What is a savings account?
This is a general rise in prices over time
What is inflation?
What does "A.T.M." Stand for?
Automated Teller Machine
This card uses money directly from your checking account
What is a debit card?
The Regular payment you make to keep insurance active
What is an Insurance Premium?
This means putting money into assets to grow wealth over time
What is investing?
This measures changes in the cost of goods and services over time
What is the Consumer Price Index (CPI)?
Which U.S. President is on the $50 Bill?
Ulysses S. Grant!
This financial institution accepts deposits and lends money, It is owned by shareholders
What is a Bank?
This is the amount you pay out-of-pocket before insruance helps
This investment locks money in for a set period of time for a higher interst
What is a Certificate of Deposit (CD)
This interest is earned only on the original amount invested
What is simple interest?
The Year the Iphone first went on sale
2007
What is a credit Union
These are the Maximum amounts that insurance will pay for a claim
What are insurance coverage Limits?
This investment represents money loaned to the U.S. Government
What is a U.S. Savings Bond?
This interst is earned both on principal and previous interest
What is compound interest ?
What is the Longest River in the United States by Length?
What is the Missouri River?
This Paper documents instructs a bank to pay money from your account
What is a Check?
DAILY DOUBLE***
Raising your deductible usually causes this change to your premium
What is a lower insurance premium
This term describes the total value of a company's outstanding stock
Using the Rule of 72, What interest rate would you need to double an investment in 6 years?
Twelve years
(TOM BRADYS NUMBER!)
What shape is a stop sign?
An octogon!