Quick Money
What is one advantage and one disadvantage of having a credit card
Buying without cash but interest easily adds up
I spent $14. I paid with a $20 bill.
How much change will I get back?
$6
What is the abbreviation for automated teller machine?
ATM
Which card has your own money direct, a debit card or a credit card?
Debit Card
I have one 5 dollar bill, 3 dimes and 2 pennies. How much money do I have?
$5.32
I spent $0.85. I paid with a dollar.
How much change will I get back?
15¢
This transfers money from a person's bank account to the retailer or store.
Debit card
A fee charged when a payment is late.
Late fee
I have one ten dollar bill, 1 quarter, 1 dime, and 1 nickel. How much money do I have?
$10.40
DAILY DOUBLE - What happens when you only pay the minimum due on your credit card each month
Each month adds more interest on top of what you already paid
What is a fee at ATM
The additional money charged at ATM machine if you use debit card to obtain cash at a different bank or location (ATM in store)
T/F - The 100 dollar bill s the largest denomination of money that exists in the US.
True
Name
Amount
Signature
I got this money back in change: a quarter, two dimes, How much change do I have?
45¢
What is an interest rate on credit card?
The additional money owed if credit is not paid in full that month.
Which book is used for balancing?
A checkbook
What are 2 items that you should check on receipt
Quantity
Price
If item is actually purchased
When are using coupons NOT helpful
When it prompts you to buy items you don't need or very large amount you won't use
Does a credit card withdraw directly from bank account?
No
DAILY DOUBLE - Two common accounts you can open at the bank.
Checking and Savings