Facts about money
Whose picture is on the $20 bill?
Andrew Jackson
When we pay with cash, we pay with bills and ____?
Coins
What does ATM stand for?
Automated Teller Machine
True or False:
Saving a little bit of money each week can help you pay for bigger things later
True
What is an expense?
Something you must spend money on
Which bill has a picture of the Lincoln Memorial?
$5 Bill
When you write a check where is the money for the check being stored?
In a checking account at the bank
When you make a deposit, are you putting money into the bank or are you taking it out?
Putting it in
Name one big item you can save up to buy
Examples: Car, House, Vacation, College Tuition, New computer or iphone
Are food and water wants or needs?
Needs
How many pennies does it take to make a $1.00 bill ?
100 pennies
You can use a credit card or a ____ to pay for things.
Debit Card
What is the person called who helps you in the bank?
Teller
What kind of personal information should you never share?
Examples: Bank Account #, PIN, Address, Birthday, Social Security #
What is one way to earn money?
Examples: Work at a job
Which bill added a blue line down the middle to make it harder to copy?
$100 bill
What are credit cards made out of?
Plastic
When you make a withdrawal, are you putting money into the bank or taking it out?
Taking it out
True of False: It's fine to spend my entire paycheck because I will never have any unexpected expenses
FALSE
How often do expenses like rent, electricity, internet and credit card bills have to be paid?
Monthly
What do special colors and watermarks on money prevent people from doing?
Making counterfeit money
What can you leave for a waiter to thank him/her for serving you?
A tip
Does your money usually grow more in a savings or a checking account?
A Savings Account
When you earn interest, does the money you put into the bank get bigger or smaller?
Bigger
What does buying in bulk mean?
Buying a big amount of something