Interest
Banks
Bank Services
Week 1
Week 2
100

Earned interest

What is interest from a savings account?

100

Why do we keep money in the bank and not under our bed?

What is "to keep it safe"?

100

Why would we create a savings account?

What is long-term saving?

100

What is one example of a digital payment method?

What is apple pay, venmo, google pay etc.?

100

What is money exchanged for?

What is a good/service?

200

Interest that is part of a loan repayment

What is paid interest?

200

The 2 types of bank accounts

What are savings and checking accounts?

200

What do you use a checking account for?

What is everyday spending?

200

What symbol indicates that the website is secure?

What symbol indicates that the website is secure?

200

A system of money

What is currency?

300

Is interest trickier when saving or borrowing?

What is borrowing?

300

What are the uses of ATMs?

What is depositing and withdrawing money?

300

A debit card is the alternative to _____

What is cash?

300

What security measure uses an OTP

What is multi-factor authentication?

300

The value of one currency compared to another

What is an exchange rate?

400

If you leave $300 in the bank for a year at an interest rate of 2%, how much money did the bank pay you?

What is $6?

400

A bank’s form of income?

What is “interest”?

400

Why is a savings account better than keeping money in your piggy bank?

What is “because we can earn interest on the money in a savings account”?

400

What does the “s” in “https” stand for?

What is secure?

400

How much people want to buy a certain good/service

What is demand?

500

If you take a $200 loan from the bank at a 7% interest rate, how much will you pay back after one year?

What is $214?

500

Why would you take out a loan from the bank?

What is “to buy a house or car”?

500

What type of bank account would you most likely have at this age?

What is a “Custodial” Bank Account?

500

What type of hacking is this an example of? “Amazon” vs “Arnazon”

What is phishing?

500

What are the 3 causes of inflation?

What is demand, supply, and wages?