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WorksheetsBanking and Loans
Total questions: 24
Worksheet time: 13mins
What is monetary?
Fake News
Anything related with a specified job
Problems related with your wife
A word for anything dealing with money
What is Interest?
Payment for the temporary use of another's money
Something that is required by law
Choose this
couldn't come up with a fake answer so don't choose this
What is liquidity?
Water
Green slime
Ability to convert to cash in a short time
Money
What is the national central bank?
Federal Bureau of Investment
Social Security Reserve
National Middle Bank of the US
The Federal Reserve
Who is the current Chairmen of the Federal Reserve?
Arnold Schwarzenegger
Jerome Powell
Stanley Fischer
Janet Yellen
Who was the first woman to be appointed as chairmen of the Federal Reserve?
Lael Brainyard
Janet Yellen
Loretta J. Mester
William C. Dudley
What is the purpose of the The Fed?
Conducting the nation's monetary policy
Print money
Deal with Taxes
Arrest people
What agency insures up to $250,000 in bank deposits for individuals?
Central Intelligence Agency
Social Security Deposit Insurance
Federal Deposit Insurance Corporation
15 minutes can save you 15% or more on car insurance
What does the NCUA do?
it decides the rate of inflation
Does the same thing as the FDIC but for credit unions
It is a bread company
Moses owns it
what is a checking account?
A type of crocadile
An account that accumulates interest overtime
An Account with a bank that you to take money in/out of easily
An account where only checks can be deposited
What does "Bouncing" mean
The act of jumping up and down
A trampoline
There is not enough money in the account
When someone adds value to a check
What is a loan?
your net worth
Money you don't owe
When your the only one in the house
A sum of money that is borrowed for a specific purpose and paid back with interest
what is principle?
Amount borrowed that does not include interest
The head of a school, in charge of all the other teachers
Being good mannered
A credit union
In what account is money stored securely for specified goals?
Facebook account
Checking account
Savings account
Transaction account
What types of savings account can you add or withdraw your money without any restriction?
Standard Savings Account
Certificate of Deposit
Money Market Account
Unrestricted Savings Account
What is a money market account?
It is nothing important
An account to keep track of where your money has been
A stock holding account
A savings account in which the bank invests your money
what type of savings account pays even higher interest and there are penalties for withdrawing money early?
Certificate of Inquiry
Certificate of Deposit
Savings Account
TurboTax
what are the 3 qualifications for a loan?
Capable, Character, Capacity
Character, Capacity, Captain
Citizen, Civil, Capital
Character, Capacity, Capital
What is APR?
An account with a high amount of interest
Rate of interest charged on the unpaid balance
An open Loan
Assessed Percentage Rate
What is a fixed interest rate?
An interest rate that was forced to change because it was bad
A rate that can change over the period of the loan
A type of insurance
A rate that stays the same throughout the entire period of the loan
What is a variable interest rate?
The rate you should always choose
A rate that can change over the period of the loan
An equation used to figure out the amount you owe in interest
Don't Choose
Open-End Credit is_______________?
A credit card the everyone uses
An unsecured loan
A secured loan
Money you can use anywhere in the world
When you miss 3 months or more on payments.
Default
Demerit
Communism
Delinquent
Delinquent is when _______________?
You are incapable of paying fines
You buy a real-estate
You are not smart
Miss one or two payments
