Show:
Banking
Cards, Checks, & Cash
Credit
Shopping
Misc
100

Name 2 types of accounts you could have at a bank.

Savings account, Checking account, Certificate of Deposit (CD), Business account

100

Who is on the $10 bill?

Secretary Alexander Hamilton

100
A convenient way to purchase items without money.
What is a credit card
100
You can use these to help you save money on an item you want to purchase...
What is coupns
100

What is it called when your paycheck goes directly into your bank account?

Direct Deposit

200

Which type of bank account typically accrues more interest?

Savings accounts, CDs, or High Yield Savings

200

What is an ATM card?

A card you can use at ATMs to take out cash.  

200
Whe should you pay off your credit card?
What is at the end of each month.
200

Doing this can help you avoid over spending during shopping trips. 

Making a shopping list or budgeting

200

This is a government program that can help some people pay for food. 

SNAP.  Supplemental Nutrition Assistance Program

300

What do you need to open a bank account? 

A valid government ID (license, state ID, passport), and money for an initial deposit

300

What is a debit card?

A card you can use to pay for items that takes money directly from a checking account.

300
If you only pay the minimum amount on your credit card bill you will owe...
What is interest
300
What is it called when you look for an item at multiple retailers?

Price comparison, or comparison shopping

300

This is a government program that can help some people pay for housing/rent. 

Section 8 Housing Choice Voucher Program

400

True or False: If you are given a check, you can cash it at any bank. 

False.  You can only cash checks at banks where you have an account, or at the bank listed on the check. 

400

What is a credit card? 

A card you can use to purchase items even if you don't have the money upfront.  *Not paying your bill on time incurs interest!

400
When you have this a lender thinks it is risky to lend you money.
What is bad credit
400

True or False: If you are buying an item at a store, but find it's being sold by another store for less money, the original store will alter the price to match. 

True in most cases!  Target, Walmart, Home Depot are some stores that will "price match"

400

What is the current minimum wage in the state of MA?

$15.00/hour

500

What happens if you spend more money than is in your bank account?

Overdraft fees.  Fees can vary by bank.  

500

What is a Money Order?

A type of check you can get at a bank to use to pay for items; you must pay for the money order up front.

500
What is a credit limit?
The maximum amount a lender will willing to make available to you.
500

What could you do if you wanted to purchase something that costs a lot of money but you cannot pay for it all up front?

Layaway plans, payment installments. *beware interest if payments aren't made on time

500

When was the very first dollar coin made in the US?

1794