Accounts
A simple way to store and save small or large amounts of money.
What is a savings account?
An establishment that completes and facilitates monetary transactions, such as loans, mortgages, and deposits.
What is a bank?
A sum or amount recieved.
What is credit?
The amount owed, or the money withdrawn.
What is debit?
Taxpayers pay a percentage of ______.
What is tax?
An account that you regularly use on a daily basis.
What is a checking account?
An institution that accepts savings at interest and can lend money to people in need.
What are savings and loans?
A physical payment card that allows you to get credit from a financial institution.
What is a credit card?
A paper card that doesn't require the processing time a check dose.
What is a debit card?
Every year people called ______ pay the government a fee.
What are taxpayers?
A bank account designed for younger adults, typically in their teens or early 20s. These accounts have certain limitations to what they can do.
What is a students checking account?
Financial intermediaries which offer direct insurance or reinsurance services, providing financial protection from possible hazards in the future.
What are insurance companies?
A great credit score.
650-800+?
A prepaid card with a certain amount that up to that amount can be spent.
What is a gift card?
To take back / withdraw tax.
What is tax withholdings?
This planning refers to financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself during leaving work.
What is a retirement account?
A non profit financial institution that accepts deposits, loans, and it provides arrays of financial products.
What is a credit union?
When you have the purchase amount of a returned item added back to your credit card account
What is credit return?
A written order for a bank to pay money.
What is a check?
The amount of income subject to tax, after deductions and exemptions.
What is tax income?
Representative ownership of a company that gives the shareholder voting rights, letting them influence that company's future. This can be used for profit.
What are stocks?
This is a financial institution that takes the money it receives from owners on a collective basis, and each owners shares in the profits and losses.
What is an investment company?
A line of credit that remains open even as you make payments.
What is revolving credit?
A payment made to a professional person or to a professional or public body in exchange for advice or services.
what are fees?
A reimbursement made to a taxpayer for any excess amount paid in taxes to the federal or state government.
What is tax refund?