Quizizz- Financial/Consumer Math 03/07/2024

Before opening an account at a financial institution, most banks require two forms of identification such as a State ID, driver's license, and ____________.

• birth certificate

• Utility Bill

What is one difference between a checking and savings account?

• A checking account receives interest when you make purchases or leave money in the account.

• A savings account accruals interest over time, which adds money to your account.

A __________ is an agreement made with a bank where you give the bank your money and they agree to take care of it.

• Loan

• Bank Account

TRUE OR FALSE: A Checking account is an everyday account, and a Savings account is used to save for the future.

• True

• False

Tags

CCSS.4.NBT.A.2

Once your application is approved, you will be given a small piece of plastic called a __________, that is directly linked to your checking account.

• Debit Card

• Credit Card

Why do you need a transaction register?

• To keep your accounts opened in the bank.

• To keep transactions organized and see an accurate amount in your account.

Financial Literacy is ______________

• Being able to read numbers and write numbers in words so you can write a check.

• Ability to manage and make informed decisions about perfonal finances including budgeting, saving, and investing.

What is a budget?

• How much money you have in your bank account

• A plan for managing your money.

What is the difference between a need and a want?

• A want is something you can not live without; a need is something that would be fun but can live without

• A need is something you can not live without; a want is something that would be fun but can live without

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

What is income?

• Money that you spend a month

• Money earned or gifted to you.