JA Finance Park Review - Income and Debit and Credit

The total amount of earnings made over a one-year period after all deductions have been taken is known as:

• Gross annual income
• Gross monthly income
• Net annual income
• Net monthly income

Savings accounts are considered high risk!

• True
• False

Investing in Stocks are considered high risk.

• True
• False

Which one is TRUE about Credit Unions?

• same as commerical banks
• for profit
• owned by members 
• largest depositories 

Most checking accounts do not pay interest.

• true
• false

Money deposited in a savings tool has the opportunity to earn what? 

• fees
• interest
• free groceries 

Opportunity Costs are

• what we give up for something else
• how much something costs
• What we pay for an opportunity to do something
• How much we charge for an opportunity

What is a machine that allows bank customers to deposit or withdraw money without visiting their bank?

• ATM (automated teller machine)
• Safe deposit box
• Credit card
• Certificate of deposit (CD)

What is a bank account that is used to pay bills and access funds using checks and debit cards?

• Savings account
• Checking account
• Credit card
• Debit card

Insurance shifts the risk of big financial loss from the individual to the insurance company.

• True
• False