Banzai TEEN - Questions With Detailed Answers
The physical form of money, such as coins or paper money. Right Ans - cash
A bank account that allows quick access to money for everyday expenses.
Right Ans - checking account
Turning your money over to a financial institution for safekeeping. Right
Ans - deposit
Obtaining something you want with the understanding you'll pay for it later.
Right Ans - credit
The amount of money that you borrow when using a loan or credit card.
Right Ans - principal
A percentage charged when you borrow money. Can also be an amount
earned for saving money in a savings account. Right Ans - interest
A record or statement of financial expenditures or receipts, often related to a
bank or credit union. Right Ans - account
Deciding how to spend your money before you actually spend it. Right Ans
- budget
Anything that you spend money on. Right Ans - expense
An amount available or owed on an account. Right Ans - balance
The amount of money left on your paycheck after taxes have been withheld.
Right Ans - net pay
Money earned through work. Right Ans - income
A budgeting method where you record your earnings twice: once in your
account and once in your budget. Right Ans - double entry accounting
Moving money from one account to another. Right Ans - transfer
The physical form of money, such as coins or paper money. Right Ans - cash
A bank account that allows quick access to money for everyday expenses.
Right Ans - checking account
Turning your money over to a financial institution for safekeeping. Right
Ans - deposit
Obtaining something you want with the understanding you'll pay for it later.
Right Ans - credit
The amount of money that you borrow when using a loan or credit card.
Right Ans - principal
A percentage charged when you borrow money. Can also be an amount
earned for saving money in a savings account. Right Ans - interest
A record or statement of financial expenditures or receipts, often related to a
bank or credit union. Right Ans - account
Deciding how to spend your money before you actually spend it. Right Ans
- budget
Anything that you spend money on. Right Ans - expense
An amount available or owed on an account. Right Ans - balance
The amount of money left on your paycheck after taxes have been withheld.
Right Ans - net pay
Money earned through work. Right Ans - income
A budgeting method where you record your earnings twice: once in your
account and once in your budget. Right Ans - double entry accounting
Moving money from one account to another. Right Ans - transfer
