Banking
This is where money is made.
What is the treasury?
If I have a savings account I will earn _______
What is interest?
A convenient way to purchase items now without using your own money but paying for it later
What is a credit card?
You can use these to help you save money on items you want to purchase...
What are coupons?
Money you have going OUT is called ...
What is an expense?
Where do banks get their money?
From customers, or the treasury, or other banks
Currency is...
What is cash & coins?
When should you "pay off" your credit card so that you are not charged interest?
What is "at the end of each month" or "when the bill is due?"
When you check the price of an item at different stores before making a purchase this is called...
What is comparison shopping?
Money that I owe others is ....
What is debt?
How can you get your money from a bank?
Go to the bank, ATM, or computer/phone tranfers
Income after deductions are subtracted
What is "Net Pay?" (take home pay)
You should create and use this to help you manage your money...
What is a budget?
Money you have coming IN is called ...
What is income?
What two basic types of accounts are available at a bank?
Savings or checking
In a savings account your money will earn ....
What is interest?
When you have this a lender thinks it is risky to lend you money.
What is bad credit?
Money you earn (hourly pay x hours worked)
What is gross pay?
To add money deposited to a checking account and subtract money in a checking account that was spent due to expenses, then compare it to one's bank statement...
What does it mean to "BALANCE" a check book?
What do you need to open an account?
An ID or Birth Certificate
Money you have coming in is called ...
What is income?
The maximum amount of money a lender is willing to make available to you.
What is a credit limit?
Name THREE ways people can pay for items besides
using currency (cash and coins)?
What are checks, credit cards, gift cards, loans...?
A number one earns between 300 - 850 which can impact one's ability to borrow money...
What is "credit score?"