Future Smart Finance

An Abbreviation that stands for Automated Teller Machine. It is a machine that allows you to make electronic deposits and withdrawals from your bank account.

• Auto Pay

• ATM

• Annual Percentage Rate

• FCC

Answer explanation

Fun Fact: The first ATM machine was created in Mississippi.

A type of degree that typically takes two years of full time study after high school and is dedicated training toward a specific career or skill.

• Associate Degree

• Bachelor's Degree

• Masters Degree

• Doctoral Degree

A type of degree that normally takes four years of full time study, also known as an undergraduate degree. You can earn a Bachelor of Science or Bachelor of arts degree.

• Associate Degree

• Bachelor's Degree

• Master's Degree

• Doctoral Degree

A type of bank of account in which interest is not usually applied to the principal, but offers a safe place to store your money and allows you to make withdrawals using an ATM card, debit card or personal check.

• Savings Account

• Checking account

• Certificate of Deposit

• Insurance

A payment type that does not automatically draw money from your checking account. It provides a short-term loan from the credit card company. At the end of each purchase period (usually a month), you receive a bill with all of your charges. You will have the option to pay off your balance or pay the minimum payment. If you do not pay your entire balance, you start to pay interest on the money you owe.

• Debit Card

• Credit Bureau

• Credit Card

• Gift Certificate

The total amount of money you can charge to your credit card.

• Credit Limit

• Credit Score

• Credit Card

• Credit card bill

A three-digit numerical rating of how likely you are to pay off your debts.

• Credit Card Bill

• Credit Card

• Credit Score

• Credit limit

Which of the following expenses should be included in a typical budget?

• Taxes

• Savings

• Gas

• All of the above

Which of the following would be considered a want for most people?

• A brand-name jacket

• a place to live.

• Food to eat.

• Transportation to work.

Which of the following would be considered a want rather than a need for most people?

• A place to live.

• A smart phone.

• Food to eat.

• Warm clothes in the winter.