Final

Money added to a checking account is called a

Approximately how often does a financial institution send a bank statement through the mail? Options: yearly, weekly, quarterly, monthly

To put money $$ in the bank, is called: WITHDRAWAL, DEPOSIT, INVEST, WRITE A CHECK

To take money OUT of your account, is called: WITHDRAWAL, DEPOSIT, TRUST, STEAL

Always use permanent ink when writing a check.

How is wealth defined? Options: How much money you have in your Checking and Saving accounts, Debts - Assets, All assets, including money in the bank + retirement, Assets - Debts

Which is NOT a typical goal for a savings account? Options: To create an emergency fund, To pay for higher education, To save for a new car, To buy groceries for this week

What is a reason for why so many Americans live paycheck-to-paycheck?

You earn _______________ by saving money in a savings account.

An account that pays interest on a specific sum of money that a person has deposited for a specific period of time. If withdrawn before that time, the bank imposes a penalty fee.