Show:
Savings Accounts
Checking Accounts
Credit
Summative 1
And More...
100

True or False: One reason that you place money in a savings account is to keep money aside for emergencies.

What is TRUE?

100
True or False: Checking accounts allow you to access your funds immediately.
What is TRUE?
100
This type of card or account allows you to borrow money from the bank.
What is credit card/account?
100
A _________ is a person who purchases goods and services.
What is a consumer?
100
What are the 3 branches of government?
What is Judicial, Legislative and Executive?
200

When you place money into a savings account it is called a ________________.

What is deposit?

200
There are some disadvantages to having a checking account, describe one disadvantage.
What is there are NO interest payments? or What is money is VERY accessible and hard to keep in the bank?
200
True or False: Credit cards typically care LOW interest rates from the bank.
What is FALSE?
200
The total amount of money that you make on a monthly or annual basis.
What is your income?
200
You get in a taxi, the driver charges you a $3.50 flat rate for the drive and $1.75 per mile. If you travel 12 miles, how much will it cost you?
What is $66.50?
300
___________ is when you take out money from your savings account.
What is a withdraw?
300
There are 6 steps to good check writing...give me all 6.
What is 1. Date 2. Name of individual providing the goods or service. 3. The amount of the check in numerals. 4. The amount of the check in words. 5. Reason for the check. 6. YOUR unique signature
300
True or False: Credit cards are given to anyone that wants one.
What is FALSE? Credit Cards/Accounts are a privilege, if you don't pay them back on time, it will be harder and harder for you to get credit.
300
This term describes the knowledge, skills, education and talent that people use to do their work.
What is human capital?
300
Describe the purpose of a topic sentence.
What is to describe to the reader what the paragraph is going to be about?
400
This term describes the money that you earn for keeping your money in the bank.
What is interest?
400
____________ is a great tool to use to keep track of the money that is being deposited and the money that being spent.
What is a check registry?
400
Describe one thing that your ability to attain credit is based on.
What is income, checking/savings account history, credit history, and purchase price.
400
Income and expenses are two parts of a _________.
What is a budget?
400
List the 7 steps in the water cycle.
What is Accumulation, Condensation, Evaporation, Precipitation, Subsurface run off, surface run off and Transpiration?
500
You place $100 dollars in a bank savings account, you don't make any deposits or withdraws. The bank is going to pay you 5% interest annually. You will have this amount of money in the savings account after 5 years.
What is $127.63?
500
Describe the two major differences between a savings account and a checking account.
What is savings accounts allow you to build interest, but not access your money quickly, while checking accounts allow you to access your money quickly, but gain little to no interest.
500
Andrew's credit card company charges 1% per month, for any unpaid amount. For the month, Andrew purchased $400.00 worth of goods and services. How much will Andrew owe the bank after 2 month?
What is 404.00
500
___________ and ____________ are two types of expenses that you will track in a budget.
What is fixed and variable?
500
Describe the 5 food groups that are a part of a healthy diet.
What is Fruits, Vegetables, Dairy, Grains and Protein.