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 that helps you in the bank called?
Teller
What kind of personal information should you never share?
Examples: Bank Account #, PIN, Address, Birthday
What is one way to earn money?
Examples: Work at a job, invest.
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
Name one place to donate money
Examples: Food bank, Animal shelter, hospital, Military,
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