Banking with Boss

A savings account pays you

• A fixed amount of money every month

• Interest on your account balance

• Every time you use your debit card

• Interest on the amount you borrow

THE ACTION OR PROCESS OF USING MONEY TO MAKE PROFIT IS CALLED :

• Saving

• Investing

• Retirement

• Fraud

If you need to withdraw your money on short notice, your best saving option is:

• A retirement account

• A savings account

• A certificate of deposit (“CD”)

• A company stock portfolio

An assets is

• Something that appreciates over time

• Something that depreciates over time

• Anything that you own that has value

• All of the above

What happens when you check your credit

• Your credit score goes up

• Your credit score goes down

• Nothing happens to your credit score

• It depends

What three main factors are used to calculate your credit score?

• Your income, debt, and monthly expenses

• Your payment history, money owed, and credit history

• Your income, income taxes, and monthly expenses

• Your payment history, annual income, and total debt

Your personal debt is:

• a. The PIN code for your debit card

• b. What is in your savings account

• c. What you owe in money, goods, or services

• d. The same as your credit score

What type of debt is considered good debt?

• Credits card debt

• Student loan debt

• Auto loan debt

• Store credit debt

Which investment vehicle has the highest return?

• Stocks

• Bonds

• Savings account

• Cash

All rich people are wealthy

• True

• False