Personal Finance - CH08: OQs
Authored by Ramsey Seweingyawma
Mathematics
9th - 12th Grade
Used 8+ times
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7 questions
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1.
OPEN ENDED QUESTION
5 mins • 10 pts
Explain the benefts of keeping your money in a bank or credit union, as opposed to an envelope under your bed.
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2.
OPEN ENDED QUESTION
5 mins • 10 pts
What is a predatory fnancial service?
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3.
OPEN ENDED QUESTION
5 mins • 10 pts
How do banks make money?
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4.
OPEN ENDED QUESTION
5 mins • 10 pts
What are the main diferences between checking and savings accounts?
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5.
OPEN ENDED QUESTION
5 mins • 10 pts
Describe the process of balancing your account.
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6.
OPEN ENDED QUESTION
5 mins • 10 pts
Why might you be at a disadvantage if you choose not to keep your money in a bank?
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7.
OPEN ENDED QUESTION
5 mins • 10 pts
Why are tracking your expenses and balancing your checking account important?
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