Earning Money

Front

Money in your bank account is insured by the ________________.

Back

FDIC (Federal Deposit Insurance Corporation) is a U.S. government agency that protects depositors by insuring deposits in member banks.

Front

A card you use to spend money you borrow from the bank is a __________________.

Back

Credit Card - A credit card allows you to borrow money from a bank to make purchases, which you must pay back later.

Front

Write 40% as a decimal.

Back

.4 - To convert a percentage to a decimal, divide by 100.

Front

What word means to spend more money than you have in your account?

Back

Overdraw - To overdraw means to withdraw more money than is available in your account.

Front

$907.45 would be written as Nine hundred seven and 45/100.

Back

True - This is the correct way to express the amount in words.

Front

What is a debit card?

Back

A debit card is a payment card that deducts money directly from your checking account to pay for a purchase.

Front

What does it mean to deposit money?

Back

To deposit money means to place funds into a bank account.

Front

What is an account balance?

Back

An account balance is the amount of money currently available in a bank account.

Front

What is interest?

Back

Interest is the cost of borrowing money or the earnings from saving money, usually expressed as a percentage.

Front

What is a checking account?

Back

A checking account is a bank account that allows for deposits and withdrawals, typically used for daily transactions.