Banking
What is a safe place to store money and allows you to earn interest on the money?
Bank.
What are the three major types of payment?
Paper, plastic, and electronic.
What degree would you receive if you attended a university for 5-6 years?
Master’s Degree
What are you called if you own the property?
Landlord
What are shares of ownership in a company?
Stocks
Which banking option is owned and run by its members?
Credit Union.
What card is directly linked to your bank account?
Debit Card
Higher Education is considered a (an) _______ in your future.
Investment
What is an asset that decreases in value over time?
Depreciating Asset
What is the money you could potentially earn from an investment?
Return
What is the main difference between online banks and other banking options?
No physical location.
This card lets you borrow money that you don’t have
Credit card
Do you have to pay grants and scholarships back?
No
What is a home loan called?
Mortgage
A stockholder is the same thing as a_____
Shareholder
What is the maximum amount of money a bank protects per person?
$250,000
This card offers the most protection against fraud
Credit Card
Who pays for interest rates on unsubsidized loans?
You.
When leasing a car, what do you do with the car when the lease is up and you are not buying it?
Return the car
What is a percentage of profit paid to shareholders?
Dividend
What does the Federal Reserve oversee?
The nation’s system of money and credit
This form of payment can have an extremely high interest rate and helps you get by until your next payday
Payday Loans
What type of interest rates do Federal Student Loans have?
Fixed interest rates
What is a rental agreement you sign when renting a house, apartment, or a car?
A lease
What is the most common for-profit retirement plan?
401(K)