Money Basics
What do we call something you must have to live, like food or shelter?
What is A Need
If you put $100 in a bank account that earns 5% interest, how much interest will you earn in a year?
What is 5$
What do we call a score that tells lenders how reliable you are at paying back money?
What is a Credit Score
What is the name for money you make before taxes are taken out?
What is Gross Pay
What animal is on the U.S. nickel
What is the paper currency of the United States called?
What Is the US Dollar
What type of account is meant for everyday spending?
What is a Checking Account
True or False: Credit cards always charge interest.
False
What’s the name for the money you take home after taxes?
What is Net Pay
Which fast food chain’s mascot is a clown?
What is Mcdonalds
What is the term for the money you earn from working?
What is Income
What’s the term for money set aside for emergencies?
What is an Emergency Fund
Which loan type usually has the highest interest rate?
What is it called when you get paid based on sales you make?
What is a Commission
What’s the most expensive board game ever sold?
What is it called when you spend more money than you make?
What is a Deficit
If something costs $20 and is on sale for 25% off, what’s the price?
What is 15$
What is the term for the extra money you pay back on top of the loan amount?
What is Interest
Name one deduction that might be taken out of your paycheck
Taxes, Social Security, insurance, etc.
What year was the first iPhone released?
What is 2007
What does GDP stand for?
What is Gross Domestic Product
Name one disadvantage of keeping all your money in cash instead of a bank.
It can be lost, stolen, or doesn’t earn interest.
Name one thing that can lower your credit score
Late payments, high balances, missed bills, etc.
If you earn $15/hour and work 10 hours, how much do you make before taxes?
What is 150$
Which company created the video game “Fortnite”?
What is Epic Games