The amount of money put into an account.
What is deposit (or principle)?
A bank account that keeps a fixed amount of money for a fixed amount of time and has a maturity date
What is a CD (Certificate of Deposit)?
What is 1 strategy you would use to save effectively?
Answers Vary! (What is - saving early, saving more, getting compound interest instead of simple interest, getting higher interest rate, saving frequently, saving for long-term, budgeting)
A portion of your income that is not subject to taxes
What is Standard Deduction?
Fee that the bank charges if you withdraw (or spend) more money than you have in your account.
What is Overdraft Fee?
The amount of money the federal government takes out from your income
What is Taxes?
The bank account that allows unlimited checks
What is a Checking Account?
The type of interest that people love if they earn it but despise if they have to pay it on a loan
What is compound interest?