Show:
Budget
Method of Payments
Interest
Bank Accounts & Loans
100

What is a Budget?

What is, "A budget is the balance when the income is greater or equal to the expenses?"

100

Dean is going to the convenience store with $5.00. He buys an ice cream for himself and his friend. He gives the store clerk his money. What method of payment is he using?

What is cash?

100

The bank is given Piper $30,000. 

What is a lender?

100
Ilya need money that is safe and easily accessible. 
What is a checking account?
200

True or False: 

Issac makes $100 from babysitting. He goes to the mall and spends $99. Did he budget accordingly and have money placed in his savings?

False.

200

Rawa needs to pay Mr. Amatiello back for lending him money one evening. He sends it using his email address and gets deposited into his bank account. What method of payment did he use?

What is an EMT (Email Money Transfer)?

200
Cailey is using $50,000 to buy a house. She doesn't have money so she asks the bank.

What is a borrower?

200

Ty is putting all his money aside from working as a gardener.

What is a savings account?

300

What is an income?

What is money earned from an employer?

300

On the news we heard of a gentleman who can't access his account and its worth millions of dollars. What method of payment is he about to lose if he doesn't get the current password?

What is cryptocurrency?

300

Thomas is borrowing $50,000 to buy a house.

What is a principal amount?
300

Tima is going to University but doesn't have any money. 

What is a bank loan or credit union?

400

True or False:

If Will earns $350 from mowing his neighbours lawns. He puts $125 in his savings and spends $225. Is this budgeting?

True.

400

David wants to buy a pair of shoes at the mall that cost $250 after tax. He doesn't want to touch the money in his bank accounts and he has no cash on him. What method of payment would he use?

What is a credit card?

400

Work out the interest for one period, and multiply by the number of periods.

What is simple interest?

400
Ben earns $1,000 per week from his employer. He spends $300 in one week and puts the rest aside

What is a savings account?

500

Fill in the blank:

A budget is balanced when the _________ is greater than or equal to the __________.

What is, "A budget is balanced when the income is greater than or equal to the expenses?"

500

Mr. Amatiello is buying a house for his children. What method of payment will he use?

What is a cheque?

500

Work out the interest for the first period, add it on and then calculate the interest for the next period, etc.

What is compound interest?

500

Anthony is working for the bank and sells mortgages to his clients. He makes $3,500 per week. Where does the money get deposited?

What is a checkings accounts?