Final

Front

Money added to a checking account is called a

Back

deposit

Front

Approximately how often does a financial institution send a bank statement through the mail? Options: yearly, weekly, quarterly, monthly

Back

monthly

Front

To put money $$ in the bank, is called: WITHDRAWAL, DEPOSIT, INVEST, WRITE A CHECK

Back

DEPOSIT

Front

To take money OUT of your account, is called: WITHDRAWAL, DEPOSIT, TRUST, STEAL

Back

WITHDRAWAL

Front

Always use permanent ink when writing a check.

Back

True

Front

How is wealth defined? Options: How much money you have in your Checking and Saving accounts, Debts - Assets, All assets, including money in the bank + retirement, Assets - Debts

Back

Assets - Debts

Front

Which is NOT a typical goal for a savings account? Options: To create an emergency fund, To pay for higher education, To save for a new car, To buy groceries for this week

Back

To buy groceries for this week

Front

What is a reason for why so many Americans live paycheck-to-paycheck?

Back

Many people impulse shop

Front

You earn _______________ by saving money in a savings account.

Back

interest

Front

An account that pays interest on a specific sum of money that a person has deposited for a specific period of time. If withdrawn before that time, the bank imposes a penalty fee.

Back

Certificate of Deposit (CD)