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PoFHS Objective 3.02 Money Management Flashcards | StudBud

Explore/PoFHS Objective 3.02 Money Management

What is the FIRST step in opening a checking account?

What do you need on an authorization card?

PoFHS Objective 3.02 Money Management

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Principles of Family and Human Services #PoFHS #POFHS #POF&HS #principlesoffamilyandhumanservices

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Questions 9

Answers

1
What do you need on an authorization card?
Telephone Number
D.O.B.
Signature
Printed Name
2
What is the FIRST step in opening a checking account?
Make an initial deposit
Read through the contract from the bank
Complete a signature authorization card
Have money
3
What is Interest?
Price of food
Price of clothes
Price of money
The Price is Right™️
4
What are required charges of citizens?
Late Payment Fee
Taxes
W-2
W-4
5
What is a late payment fee?
When minimum payment is made by due date
When minimum payment is not made by due date
Late money
A tool to help people manage money
6
What is a paper check with a stub?
Payroll Check
Direct Deposit
Paper Cut
Paycheck
7
What is Income?
Expenses
Money spent
Money earned
Paycheck
8
Which is an ADVANTAGE of using a credit card?
Usefulness in emergencies
Temptation to overspend
Responsibility for charges on lost credit card
Greater Risk for Identity Theft
9
What is a depository institution?
Commercial Bank
Credit Union
Savings and Loans