A BOUNCED CHECK HAPPENS WHEN

FUNDS IN THE ACCOUNT CANNOT COVER THE CHECKS WRITTEN

WHEN YOU PUT MONEY INTO THE BANK

WHAT IS A BEAR MARKET

A MARKET IN WHICH PRICES ARE FALLING

A BANK ACOUNT WHERE YOUR MONEY IS READILY AVAILABLE

ANNUAL PERCENTAGE RATE

THE RATE THAT A BANK WOULD CHARGE FOR A LOAN

A COMPANY SPONSORED RETIREMENT ACCOUNT

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LifeSkills Financial

15 termsStudBud Administration169 plays

THIS MATERIAL IS FROM AN EIGHTH GRADE LIFE SKILLS CLASS. THE OBJECTIVE IS TO ENCOURAGE GENERAL AND PRACTICAL KNOWLEDGE.

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Questions 15

Answers

1
A BOUNCED CHECK HAPPENS WHEN
CHECKS ARE RUBBERY AND FLEXABLE
FUNDS IN THE ACCOUNT CANNOT COVER THE CHECKS WRITTEN
CHECKS BOUNCE FROM BANK TO BANK
YOU DROP A CHECK AND IT REBOUNDS BACK INTO YOUR HAND
2
YOU DECLARE THIS WHEN YOU OWE A LOT MORE MONEY THAN YOU CAN REPAY
IMMINENT DOMAIN
FOUL
POOR
BANKRUPTCY
3
WHAT IS A DEPOSIT?
WHEN YOU TAKE MONEY OUT OF THE BANK
WHEN YOU PUT MONEY INTO THE BANK
AN EXCITING EXPERIENCE THAT WILL HAPPEN ONLY TWICE A YEAR
AN ACCIDENT WAITING TO HAPPEN
4
WHAT IS A BEAR MARKET
ONE WHERE TEDDY BEARS RULE
A MARKET WHERE BEARS ROAM
A MARKET IN WHICH PRICES ARE FALLING
A ZOO
5
SAVINGS ACCOUNT
A CHECKING ACCOUNT
A BANK ACOUNT WHERE YOUR MONEY IS READILY AVAILABLE
WHERE YOU CAN ACCESS YOUR MONEY EVERY 6 WEEKS
FINANCIAL GAIN AND CERTIFICATES OF DEPOSIT
6
IN A MUSIC STORE A CD IS A COMPACT DISC. WHAT IS A CD IN BANKING TERMS?
COIN DIRECT
CELION DION
CERTIFICATE OF DEPOSIT
COMPOSITE DONE
7
In the banking world, what does IRA stand for?
THE BEGINNING OF A NEW QUARTER
A LARGE DISCOUNTED RETIREMENT OPPORTUNITY
INCOME RECEIVED ANNUALLY
INDIVIDUAL RETIREMENT ACCOUNT
8
ANNUAL PERCENTAGE RATE
THE AMOUNT YOU WOULD BE CHARGED TO OPEN A SAVINGS ACCOUNT
THE RATE THAT A BANK WOULD CHARGE FOR A LOAN
THE CHARGE FOR A NEW APARTMENT
THE MONTHLY FEE FOR A CHECKING ACCOUNT
9
WHAT DOES PIN STAND FOR?
PRE INDICATION OF NOTHING
PRIME INTEREST NOW
PROM INDIVIDUAL NOMENCLATURE
PERSONAL IDENTIFICATION NUMBER
10
INCOME TAX FORMS ARE
FORMS THAT CEMENT IS POURED INTO
FORMS THAT ARE FILED ON YOUR BEHALF BY THE IRS
FOR MAKING INCOME
USED TO FILE YOUR TAXES
11
WHAT IS AN ATM?
AUTOMATIC TELLER MACHINE
ATOMIC TREE MENDER
ANNUAL TRANSFORMATION MOTOR
ANGLED TRIPOD MECHANISM
12
A CARD, ISSUED BY A BANK, THAT ALLOWS YOU TO PAY FOR PURCHASES OUT OF YOUR CHECKING ACCOUNT
COMMON
BONZI
CASUAL
DEBIT
13
A 401K IS
A GOOD CAUSE THAT YOU MIGHT WANT TO DONATE YOUR TIME TO
A REALLY LONG LONG TIME
A COMPANY SPONSORED RETIREMENT ACCOUNT
PEOPLE THAT NEED TO RETIRE WITHIN A YEAR
14
WHAT IS A RISING STOCK MARKET CALLED?
MARKET TIME EXTRA
A BEAR MARKET
A BULL MARKET
A MARKET DELUX
15
WHO ISSUES DEBIT CARDS
MAJOR DEPARTMENT STORES
BANKS
CREDIT CARD COMPANIES
VISA

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