Unit 1
Something required for life
What is a need?
What is debit?
Retirement age
What is 67?
A small plastic card issued by a bank allowing the holder to purchase items on credit
What is a credit card?
What is identity theft?
Something unnecessary but desired
What is a want?
Money that goes into your account
What is a credit?
A retirement account funded through pre-tax payroll deductions
What is a 401(k)?
Money paid regularly at a particular rate for the use of money lent
What is interest?
To discourage someone from doing something
What is deter?
Can be touched
What is a good?
Automated teller machine
What is an ATM?
Required charges of citizens by the government
What are taxes?
APR
What is annual percentage rate?
To discover the existence of something
What is detect?
Something done for something else
Identifies the bank
What is a routing number?
Amount left after all taxes have been taken out of your paycheck
What is Net Pay?
The addition of interest to the principal sum of a loan
To protect from harm or danger
What is defend?
Identify, List, Decide, Evaluate
What is the decision making process?
Total amount made before taxes are taken out
What is Gross Pay?
Interest rate that stays the same
What is a fixed rate?
An imitation of something with intent to deceive
What is counterfeit?