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Budget and Banking review Flashcards | StudBud
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Budget and Banking review
Budget and Banking review
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#Budget and #banking review for financial literacy
Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
This blurred lines between these financial institutions and increased competition among them
FDIC
Deregulation
Intermediaries
Minimum balance
2
FDIC insures bank accounts up to what amount?
$200,000
$250,000
$100,000
$500,000
3
Net worth is calculated by...
Liabilities PLUS Assets
Liabilities MINUS Assets
Assets PLUS Liabilities
Assets MINUS Liabilities
4
Disposable income is...
money after taxes and fixed expenses
money for fun
money you don't need
money after taxes
5
Which is NOT a credit service?
Student loan
Mortgage
Certificate of deposit
Home equity loan
6
Which account
does not
give interest?
Savings account
Checking account
Certificate of Deposit
Money market account
7
This financial institution specializes in buying/selling stock and investments
Savings & Loan Associations
Brokerage Firms
Credit Unions
Commercial Banks
8
Your favorite class is...
Financial Literacy
Financial Literacy
Financial Literacy
Financial Literacy
9
This financial institution is a non-profit bank that shares profits with members
Credit Union
Savings and Loan Association
Brokerage Firm
Commercial bank
10
Which is
NOT
needed to create a budget?
List of income
Calculating difference between income and expense
List of expenses
Calculating net worth
11
Someone who has a bank account, but does not fully utilize its services is considered...
Unbanked
Underbanked
Nonbanked
Overbanked
