Show:
Basic
Savings
Banking
Checking
Math
100
What is interest?
Interest is small amounts of money that you earn for putting your money in the bank.
100
What is a savings account?
A savings account is an account in the bank where you deposit your money to keep it safe.
100
How long do you have to keep your money in the bank before you can earn interest?
One month
100
What is a checking account?
A checking account is an account in the bank where you put your money, however, you usually are taking money out to pay bills and to buy things.
100
How much is a penny worth?
one cent .01
200
How much is a quarter worth?
.25 cents twenty five cents
200
What is a salary?
The money you earn for doing your job.
200
When you add money to the bank you usually have to fill out a _________ _________.
deposit slip
200
Why is money important?
To help support ourselves and other people. To buy food and clothes. To buy a car, gas, entertainment. To help pay bills.
200
How much is a dime worth?
.10 cents ten cents
300
What is one type of money?
bills/cash credit cards debit cards coins check
300
Why do you need to fill out withdrawal and deposit slips?
It helps you keep track of your money and how much you put in the bank or took out of the bank.
300
When you take money out of the bank, you have to fill out a ____________ ________.
Withdrawal slip
300
Are credit cards money we own? yes or no
No, it is the banks money. We have to pay it back.
300
How much is a nickel worth?
.05 cents five cents
400

The type of account that most people use to pay their bills from.

Checking Account

400
What happens if we go over our credit card limit?
We might have our credit card taken away. We have to pay a fee.
400
What does it mean to withdraw money?
To take money out of the bank.
400
If you use a debit card, can you use more money than what you have in your account?
No, you can only use what you have in your account.
400
How much is a half dollar worth?
.50 cents fifty cents
500

To overdraw a bank account.

bouncing a check / overdraft / overdraw

500
Why do we use credit/debit cards instead of cash and change sometimes?
Easier to keep track of. Smaller, so it fits in pockets. Light.
500
What does it mean to deposit money?
To put money into the bank.
500
When can you get a credit card?
When you are old enough, responsible with your money, and can be trusted to pay your bills, and when you have a full time job.
500
How many days until school is done?
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