BNK FIN 1

The money a person gets from salary and wages. (what you get paid for work)

• debt

• credit

• income

• deposit

CHECK ALL CORRECT ANSWERS:

Which of the following are examples of the 3 types of banks we learned about in chapter 1.

• Commercial banks

• Retail banks

• Investment banks

• Central banks

• Industry banks

A fixed amount of money paid regularly for work done.

• hourly wage

• debt

• contact

• salary

Commercial banks do about ____% of the deposit and loan businesses in the U.S.

The amount of money earned BEFORE taxes are taken out.

• Net pay

• gross pay

• credit

• debit

The amount of money received AFTER taxes

• net pay

• gross pay

• credit

• debit

Central banks are the governmental banks that manage, ___________, and protect both the money supply and the banks themselves.

Used to make a withdrawal from your bank account.

• Debit/ATM card

• credit card

• loan

Something that you MUST have in order to survive (food, water, clothing, shelter)

• want

• need

Something that you would LIKE to have but don’t really have to have to survive.

• need

• want