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Banking History
Debit vs Credit
Banking
Credit
Budget
100

The First Bank of the United States was chartered by Congress in this year

What is 1791?

100

This type of card deducts money directly from your bank account.

What is a debit card?

100

This function involves gathering money from individuals and businesses through savings, checking, and CDs.

What is accepting deposits?

100
This includes all the records of loans you have taken out and paid back over your life.
What is your credit history?
100
Expenses that do not change from month to month (like rent, mortgage, or car payment).
What are fixed expenses?
200

This Founding Father, serving as the first Secretary of the Treasury, proposed the creation of the First Bank of the United States.

Who is Alexander Hamilton?

200

American Express is accepted in over this many countires

What is 190?

200

A non-profit membership organization that offers checking accounts, savings accounts, and loans.

What is a credit union?

200
This number is used by lenders to determine how much they charge you for interest on loans.
What is your credit score?
200
Expenses that change from month to month (like food, entertainment, or vacation).
What are variable expenses?
300

The First Bank of the United States was located in this city, which also served as the nation's capital at the time.

What is Philadelphia?

300

People with poor credit might only qualify for this special type of credit card.

What is a secured credit card?

300

The interest rate that you use to compare different loans with different characteristics.

What is annual percentage rate (APR)?

300
This type of financial institution charges much higher interest rates on loans than banks or credit unions.
What is a consumer finance company?
300
These taxes are taken out of your paycheck by the federal government and used to provide income to elderly people.
What is Social Security?
400

Opposition to the bank was led by this Secretary of State, who feared it gave too much power to the federal government

Who is Thomas Jefferson?

400

You must make at least this type of payment on a credit card every month.

What is a minimum payment? 

400

Helping with investments, retirement planning, and mergers & acquisitions is this bank service.

What is providing financial services?

400
This type of loan has no interest if paid back after a month. If you're stupid enough not to pay it back in a month, you pay compound interest compounded monthly.
What is a credit card loan?
400
These taxes are taken out of your paycheck and used to pay for elderly people's health care.
What is Medicare?
500

The bank's charter lasted for this many years before it expired in 1811.

What is 20 years?

500

Under federal law, your liability for fraudulent charges on this type of card is limited to this amount

What is $50?

500
This government agency guarantees your deposits in a bank up to $250,000.
What is the FDIC?
500
Property that is used by a lender to secure a loan (the bank takes the property if you don't repay the loan).
What is collateral?
500
Your wages AFTER taxes and deductions.
What are net wages?