Banking Personal Finance

Where do you put your money to pay for your monthly expenses

• Checking Account

• Savings Account

• Money Market Account

• Investment Portfolio

Credit Unions are what type of institutions?

• Private Companies

• Non-Profit

• Private Partnerships

• For Profit

What are the four walls of your budget, that you must take care of first?

• Rent or Mortgage

• Miscellaneous, Clothes, Shelter, and Food.

• Shelter, Utilities, Food, and Transportation.

• Credit Cards, Student Loans, Car Payments, and Rent.

What does APR stand for?

• Account Per Record

• A Planned Retirement

• All Purpose Rate

• Annual Percentage Rate

How often should you create a budget?

• When you get paid

• Once a month

• Once a week

• Once a year

What is the number 1 cause of divorce in America?

• Family issues

• Abuse

• Money fights

• Infidelity

What is net Income?

• Your income after taxes.

• Your income before taxes.

• Your income if you get paid by the hour.

• The part of your income you own for taxes.

What is the risk of too much transaction friction for companies?

• Customers might buy so much that companies will run out of stock.

• Customers are more likely to recommend the company to a friend.

• Customers are more likely to abandon the purchase.

• Customers are more likely to spend less.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Where should you NOT put your emergency fund?

• Cash in a safe

• Money Market Account

• Savings Account

• Certificate of Deposit

What action is NOT a type of bank fee?

• Running your debit card as a credit transaction.

• Using an Out-of-network ATM.

• Wire Transfer

• Overdraft Protection