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Money Management 1 for Project SEARCH @ SMCH Flashcards | StudBud
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Money Management 1 for Project SEARCH @ SMCH
Money Management 1 for Project SEARCH @ SMCH
33 terms
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StudBud Administration
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A brief review of terms we will use during our money management unit #moneymanagement
Flashcards
33 cards
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Practice quiz
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Questions
33
Answers
1
Besides a note, what else is written on the memo line of check?
Checking account number
Loan account number
Phone number
Savings account number
2
Looking at your check, number two is...
Check number
Personal Info
Who or Where the money is going
Amount in words
3
Entertainment, food, water, electricity are all examples of...
Fixed expenses
Flexible expenses
4
An account linked to your cash is called?
savings account
bank account
ATM
checking account
5
One major difference between a credit and a debit card is:
A debit card is plastic
They are both your money
A debit card earns good interest
A credit card is a loan
6
What should you never write on a check?
Address
Date of birth
Social security number
Phone number
7
Looking at your check, number 8 is.
Memo
Signature
Memo or Loan Account Number
Date
8
The amount of money a person earns before taxes and other deductions are taken out is called
Gross income
Net income
9
Looking at your check, the number next to 10 is...
Checking Account Number
Routing Number
10
Looking at your check, number one is...
Who or Where the money is going
Amount in numbers
Amount in words
Personal Info
11
An account that is active, money moving in and out all the time is called?
taxes
savings account
checking account
bank account
12
"Good" interest is money that you..
Earn
Pay
13
When writing an amount of money you should always...
Capitalize the first letter
Start all the way on the left
All are correct
write in pen
14
Looking at your check, number five is...
Amount in numbers
Amount in words
Personal Info
Who or Where the money is going
15
The rise in the cost of goods and services each year is called..
Price modification
Inflation
Recession
Net income
16
A monthly cost that tends to stay the same is called?
Flexible/Variable Expense
Fixed expense
17
Looking at your check, number ten is...
Routing Number
Checking Account Number
18
Which type of expense would be easiest to modify/change if you needed to save money?
Fixed expenses
Flexible expenses
19
Looking at your check, number 7 is..
Memo
Who or where the money is going
Amount in Words
Signature
20
A car loan, a student loan, rent for an apartment are all examples of...
Flexible expenses
Fixed expenses
21
"Bad" interest is money that you..
Pay
Earn
22
Looking at your check, number 9 is..
Who or where the money is going
Amount in Words
Signature
Memo
23
The amount of money a person earns after taxes and other deductions are taken out is called
Net income
Gross income
24
A sum of money earned over the span of a year is called?
taxes
money
salary
wage
25
A monthly cost that can change is called?
Flexible/Variable Expense
Fixed Expense
26
One major difference between a checking and savings account is:
A savings account is active
A savings account earns interest
A savings account uses a debit card
A savings account is your money
27
Looking at your check, number four is...
Who or Where the money is going
Amount in words
Date
Amount in numbers
28
A factor that can influence a person's salary is..
Overtime
They all can influence a salary
Tips
Commission
29
Comparing how much you make vs. how much you spend per month is called?
Working
Credit Scoring
Financing
Budgeting
30
Looking at your check, number six is...
Where you put loan number or reminder
Who or Where the money is going
Date
Amount in numbers
31
A credit score shows the world..
If you make payments on time
How trustworthy you are with money
All are true
How responsible you are with money
32
An hourly rate a person is paid is called?
salary
wage
$9.00
money
33
A card that is used to receive cash from your checking account or to pay "as cash" is called?
credit card
rewards card
debit card
bank card
