In banking, the word "deposit" can be defined as

money that is added to a bank account

In banking, credit is about

borrowing money to buy something now

What banks don't do...

offer free cash to every 100th customer

the amount of money a person is able to make from working

an expense that never changes each month

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Banking and Budgeting Bonanza

25 termsStudBud Administration168 plays

This is intended to review lessons learned from the "Hands on Banking" site for middle schoolers.

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Questions 25

Answers

1
Currency is
cash and coins
current investments
a new vegetable
how we measure value
2
In banking, the word "deposit" can be defined as
money that is thrown away
a credit provided to dependable bank customers
a removal of funds from an account
money that is added to a bank account
3
In banking, credit is about
borrowing money to buy something now
giving someone recognition
opening bank accounts
closing bank accounts
4
Checks can be used to pay for all of these, but one:
utilities
groceries
hopes and dreams
phone bill
5
The goal of this financial literacy unit is to teach students how to manage their money and
increase their earning power
all of these reasons
get what they want faster
save money to pay for things later
6
What banks don't do...
offer free cash to every 100th customer
provide you with checks to pay for things
keep your money safe
allow you to store money in savings accounts
7
A(n) ___________ slip is used when adding money to a bank account.
permission
withdrawal
attendance
deposit
8
An income means
a new customer of a bank
the opposite of outcome
the money that is earned
An alert when bombs are being dropped... incoming!
9
The term "expense" refers to
the sale price
money that is spent
the cost of an item
the amount necessary to open a bank account
10
Be sure, when depositing money, that you sign the slip
in front of the teller
in cursive
using blue ink
using invisible ink
11
The term for the money paid by the bank to a customer is
fun mun
funds
fees
interest
12
Earning power is
the largest amount a ruler can earn
the income of widely-known powerful people
the limit of interest one can make from a bank
the amount of money a person is able to make from working
13
The money that is not found in North America is the
peso
Guatemalan quetzal
Canadian dollar
American dollar
14
Each month, the bank sends customers a record of transactions called a
monetary notice
grocery list
statement
register
15
Which of these is NOT the best way to keep a budget?
splurge once in a while
use coupons
watch for sales
keep a "just in case" fund
16
The total amount of money in an account is called a
inventory
stash
remainder
balance
17
A fixed cost is
an expense that never changes each month
the cost for repairing a person's credit
money spent on home repair
the amount charged for correcting a bank statement
18
People with higher education and more skills have
a higher earning power
more friends
more pets
more migraines
19
One keeps track of one's funds by maintaining a
recipe
diary
register
notebook
20
The name of the president featured on the one dollar bill is
George Washington
Donald Trump
Barack Obama
James Madison
21
ATM's provide money in multiples of
20
5
10
15
22
What words are represented by the letter in the acronym "PIN"?
Personal Inquiry Numeral
Painful Identity Number
Proper Icky Number
Personal Identification Number
23
The letters in the acronym ATM stand for
Automated Teller Machine
Authentic Tater Masher
Automatic Twix Maker
Automated Transaction Machine
24
Good credit means there is ________ between the bank and the borrower.
distance
money
trust
a desk
25
Money begins at the
copy machine
treasury
supermarket
bank

Banking and Budgeting Bonanza Flashcards | StudBud