Show:
Find a Penny
To The Bank
Credit Card Shuffle
Loan Me A Dime
SMART
100

Which President is on the penny?

Abraham Lincoln
100

This type of bank account typically pays very small interest rate on your money:

Savings Account

typical savings account pays less than 1% interest rate

100

What decade did credit cards first appear?

what decade (19__)

1950s was the first decade of credit card usage

100

Getting a loan is easier if you have a strong _____ Score

Credit (score)

100

What does the S stand for, in SMART goals?

Specific

200

Which president is on the quarter?

George Washington

200

This type of account allows you to pay others with a slip of paper that contains the relevant information

Checking Account

200

True or False: A credit card balance MUST be paid in full each month

False: Best practice would be to pay off the entire balance each month, but it is not required
200
When borrowing money, it's always good to have SOME money towards the purchase. 

This money is called _______

Down Payment

200

What does the M stand for, in SMART goals?

Measurable

300

Which President is on the nickel?

Thomas Jefferson

300

Name the main difference between a bank and a credit union

Banks are FOR PROFIT businesses, owned by share holders

Credit Unions are NON PROFIT co-ops, owned by members

300
Explain the big difference between a Credit Card and a Debit Card

Credit Card is borrowing money from the company

Debit Card is taken directly from your Bank Account

300

When you borrow money, your bank charges ______ which is how the bank makes money

interest

300

What does the A stand for, in SMART goals?

Action

or Action-Oriented

400

Which president is on the dime?

F.D.R.

Franklin D Roosevelt

400

In what era did the most bank robberies occur?


1930's

Great Depression

400

True or False: Credit Cards are "safer" than a Debit Card

True: If someone commits fraud on your Credit Card, the money stolen is the Credit Card company's.

If someone commits fraud on your Debit Card, that money comes directly from YOUR account

400

If a bank lends you money with NO collateral, this is called an _________ loan

unsecured (loan)

400

What does the R stand for, in SMART goals?

Reachable

500

Which president is on the Half Dollar coin?

J.F.K.

John F Kennedy

500

What does FDIC stand for?

Federal Deposit Insurance Corporation

They insure your money, up to $250,000. per account

500

What is the average credit card debt, in dollars, that Americans carry?

(answer within 2,000 dollars is acceptable)

6,700 dollars was the typical average credit card debt in 2024

500

What does APR stand for, when discussing loans?

Annual Percentage Rate
500

What does the T stand for, in SMART goals?

Time

or Time-bound