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Q 1/44
Score 0
A machine that allows you to make electronic deposits and withdrawals from your bank accounts. Stands for Automated Teller Machine.
60
ATM
Q 2/44
Score 0
a plan for spending or saving money that is made up of income and expenses
30
Budget
44 questions
Q.
A machine that allows you to make electronic deposits and withdrawals from your bank accounts. Stands for Automated Teller Machine.
1
60 sec
Q.
a plan for spending or saving money that is made up of income and expenses
2
30 sec
Q.
a type of insurance that covers any damage you may cause to another person or their vehicle
3
30 sec
Q.
a type of bank account in which interest is not usually applied to the principal, but offers a safe place to store your money and allows you to make withdrawals using and ATM card, debit card or personal check
4
30 sec
Q.
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit. You will pay interest on the money you owe. It does not come from your checking account.
5
30 sec
Q.
A rating used by credit reporting companies to help lenders decide whether and/or how much credit can be extended to a borrower.
6
30 sec
Q.
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
7
30 sec
Q.
to put money into an account
8
30 sec
Q.
An automatic deposit of a paycheck without having to take a physical check to the bank.
9
30 sec
Q.
the money you're spending. This includes everything you buy, such as food, concert tickets, or even a pack of gum.
10
30 sec
Q.
the taxes that the federal government imposes on personal income in order to provide services such as healthcare, national defense, and scientific programs. Based on the amount of money a person earns.
11
30 sec
Q.
Expenses that do not change from month to month, such as auto insurance or rent.
12
30 sec
Q.
Insurance that covers medical illness or injury.
13
30 sec
Q.
money you earn, like money you may get from your birthday or allowance from your parents.
14
30 sec
Q.
Tax paid to the state, federal, and local governments based on income earned over the past year.
15
30 sec
Q.
the price paid for the use of borrowed money
16
30 sec
Q.
insurance that pays out a sum of money either on the death of the insured person or after a set period.
17
30 sec
Q.
A loan to purchase a home or other real estate
18
30 sec
Q.
When referring to budgeting, a _________ is an expense that you can't live without.
19
30 sec
Q.
The amount of a paycheck after taxes are subtracted from Gross Pay.
20
30 sec
Q.
the total amount you earn before any deductions are subtracted
21
30 sec
Q.
whatever must be given up to obtain some item
22
30 sec
Q.
Fee charged to a person who has spent more money than the account has in it.
23
30 sec
Q.
a card that allows you to put a specific amount of money onto it. Prepaid cards usually come with additional fees and charges
24
30 sec
Q.
a fixed regular payment, typically paid on a monthly or biweekly basis that does not vary depending on how little or how much you work.
25
30 sec
Q.
A tax on a sale of merchandise or services
26
30 sec
Q.
a type of savings vehicle in which interest is earned on the deposit amount (principal).
27
30 sec
Q.
A sum of money usually equal to one month's rent, held by the landlord to cover any damage to the apartment caused by a tenant.
28
30 sec
Q.
the cost for one unit of an item . It could be price per pound, ounce, container, etc.
29
30 sec
Q.
a bill or expense, such as a utility bill or grocery cost, which is a different amount each month
30
30 sec
Q.
An amount of money paid to an employee at a specific rate per hour worked.
31
30 sec
Q.
In reference to budgeting, a want is an expense that is not an absolute necessity.
32
30 sec
Q.
Which of the following matches a budget?
33
30 sec
Q.
What is the difference between unexpected and expected expenses?
34
30 sec
Q.
What is the difference between deposit and withdraw?
35
30 sec
Q.
You will have to pay extra money to a credit card company if you do not pay your whole bill off each month.
36
30 sec
Q.
The money that you receive for mowing the lawn, babysitting or making good grades is called__________.
37
30 sec
Q.
Tony borrowed money from the bank to buy a new house. A year later he lost his job and has started to not be able to make his house payments. This problem is known as what?
38
30 sec
Q.
My cousin wanted to borrow $300 from me. I loaned him the money but I told him that he would have to pay me back $330. The money that was paid back to me on top of the loan is known as_________.
39
30 sec
Q.
The bank agreed to loan me the money that I needed to start my new business. My ability to borrow this money is known as what?
40
30 sec
Q.
I have been setting aside $100 a month for my children to have money to go to college. This idea is known as what?
41
30 sec
Q.
Every month after my parents pay all of the family’s bills they set aside a little bit of money for the family to do fun things like go to the movies, bowling and even go to amusement parks.
My family uses a _____________
42
30 sec
Q.
Every month after my parents pay all of the family’s bills they set aside a little bit of money for the family to do fun things like go to the movies, bowling and even go to amusement parks.
My family uses a _____________
43
30 sec
Q.
Which of the following is not true about the difference between credit cards and debit cards?
