Banking

What is a career?

• occupation that shows goals and forward progress

• a position that helps meet short term goals

• occupation that has little upward mobility

• a position at your favorite establishment

What is fixed cost?

• cost that should not be factored into a budget

• cost that changes

• cost that does not change

• cost that does not affect a budget

What is variable cost?

• cost that change depending on the frequency

• cost that is consistent every month

• cost that does not affect a budget

• cost that does not change

What are some ways you can build wealth?

• invest in the stock market

• career starter loan

• savings account

• invest in real estate

What is debt?

• money owed to lenders/creditors

• money that is taken from a savings account

• money that does affect your credit

• money that is earned

What best describes a budget?

• a plan of how to pay your bills

• a spread sheet of your yearly income

• a plan of how to invest

• a way to build wealth

What is a checking account for?

• daily expenses

• depositing checks

• withdrawing money

• collecting interest

What is a a Certificate of Deposit (CD) account?

• costumers agree to lock funds for a certain amount of time

• costumers can transfer money between accounts

• costumers can withdraw money

• costumers have complete access to the account

What is not considered an investment?

• savings account

• CD account

• checking account

• home mortgage

What is an interest rate?

• a complex formula that helps you earn money over time

• a history of fixed expenses

• a fixed amount that is owed yearly

• a percentage based on an amount that compounds over time