Money Management review

The two parts of money we discussed in class were:

• Income & outcome

• Income & expenses

• Income & purchases

What were the 3 types of expenses we discussed?

• Fixed; Flexible; Convenient

• Fixed; Variable; Useful

• Fixed; Flexible; Variable

A bill that comes the same time each month and doesn't change in amount is what type of expense?

• Variable

• Fixed

• Flexible

The first set of numbers on the bottom of a check are called the:

• Routing numbers

• Account numbers

• Check Numbers

A bill that comes every month but the amount due can change from month to month is a ___________ expense.

Which type of card draws money directly from your bank account?

• Credit Card

• Debit Card

• Pre-paid card

Check all of the boxes for the benefits of online banking.

• Convenient

• Accessible 24/7

• Makes you money

• Used anywhere

The difference between banks and credit unions

• One has more money

• Who owns each of them

• Their location and size

If you borrowed $100 and they charged you 10% interest, how much would you end up paying them back?

• $100

• $1000

• $110

If you deposited $20 per month into a checking account, how much money would you have after 5 months?

• $85

• $100

• $120