Bank Services
A bank service that pays you interest for depositing your money.
What is a savings account?
People go to the bank to apply for a loan for many reasons. Two reasons people might take out a loan...
What is ...?
to buy a home
to pay for college tuition
to buy a car
When you put money into a bank account.
What is deposit?
You may get this from a bank to start a business.
What is a loan?
You start a dog-walking business. You spend $15 on treats and leashes. You earn $40 from your neighbors. What is your final financial result?
What is a $25 profit?
A thing that is borrowed, especially a sum of money that is expected to be paid back in interest.
What is a loan?
This is a disadvantage of having a checking account.
What is you need to go to a bank(or ATM) to withdrawal (or deposit) your money ?
When you take out money from a bank account.
What is withdrawal?
Of way of increasing the amount of people that know about your business.
What is an advertisement?
The BIG idea about a bank is that it is a...
What is a business?
A card issued by the bank that allows the holder to make purchases and transfer money.
What is a Debit Card?
It is easier and safer to carry this around with you to pay bills than cash(currency).
What is a check (checkbook)?
What is debit card?
When you sign your name name to the back of a check.
What is to endorse?
This is what you pay your workers.
What is a salary?
This is one way a bank earns money.
What is it charges interest on a loan?
A secure way to make purchases and pay bills using a paper receipt.
What is a checking account?
This is a disadvantage of taking a loan out from a bank.
What is you have to pay back more money than you borrowed, because you will be charged interest?
The money a business has after it has paid all expenses.
What is profit?
These are the expenses involved in running a business.
What are operating costs?
An artist paints a painting that costs $20 in paint and canvas. They sell the painting at an art fair for $20. Did they make a profit, a loss, or break even?
What is break even?
A negative consequence of using a credit card.
What is you can go into debt?
Not be able to pay the money back and have to pay interest.
This is a disadvantage of using an ATM machine.
What is people may be watching you withdrawal cash?
The amount of money in your checking account.
What is the balance?
Large businesses have to provide this type of insurance to their workers.
What is health insurance?
These are the costs or money you spend on things to keep a business running.
What are expenses?