Earning Money

Front

What is a Checking Account?

Back

An account with a bank that allows you to spend your money using a debit card, checks, or withdraw cash from an ATM.

Front

How is $907.45 written in words?

Back

Nine hundred seven and 45/100.

Front

When you deposit money into your bank account, how is it listed?

Back

As a Credit.

Front

What does FDIC stand for?

Back

Federal Deposit Insurance Corporation, which insures money in your bank account.

Front

What is a Credit Card?

Back

A card used to spend money that you borrow from the bank.

Front

What is a Debit Card?

Back

A card that allows you to spend money directly from your bank account.

Front

What is the purpose of a Savings Account?

Back

To save money and earn interest over time.

Front

What is the difference between Credit and Debit?

Back

Credit is borrowed money, while Debit is money you already have.

Front

What is interest?

Back

The cost of borrowing money or the earnings from saving money.

Front

What is a bank statement?

Back

A summary of all transactions in your bank account over a specific period.