Banking
The three types of money.
What is currency, check, and card?
The type of card connected to someone's checking account.
What is debit card?
This is the full name for APR.
What is Annual Percentage Rate?
This type of expense does not change.
What is fixed expense?
This is a decrease in value over time.
What is depreciation?
The four types of checks.
What is certified checks, cashier's checks, money order, and traveler's checks?
The signature on the back of a paycheck.
What is endorsement?
The three C's used to measure creditworthiness.
What is character, capacity, capital?
This is what you earn when you deposit money into a savings account.
What is interest?
This is when someone distributes their money among a variety of different investments.
What is diversification?
The type of check signed by a bank employee.
What is certified check?
What is check register?
This is the avalanche method.
What is paying off debt from highest interest rate to lowest interest rate?
This is earned on only the principal of the amount.
What is simple interest?
This is where you can buy and sell stocks online.
What is NASDAQ?
The six online banking services. Name at least four for points.
What is direct deposit, automatic withdrawal, electronic funds transfer, alerts, Apple Pay, virtual banks?
The areas to complete/fill out on a check (5).
What is the date, name of payee, amount of check (numbers and words), signature, and memo?
The five types of credit.
What is credit cards, line of credit, car loans, school/student loans, and mortgage?
This saving option earns you higher interest and does not penalize you for easy withdrawal.
What is Money Market?
This person handles the transfer of stocks/bonds between the buyer and seller.
What is stockbroker.
The six types of banks (at least four for points).
This is filled out when money or checks are put into checking account.
What is deposit slip?
These are two types of credit mishappenings.
What is acceleration clause, charge-off, debt consolidation loan, bankruptcy, foreclosure, reposession?
This type of interest includes the initial principal balance and previously earned interest.
This retirement plan has special benefits but is not employer sponsored.