W!SE Banking (URHS) #1

It is insured

It is more convenient

To grow your $ for

long-term wealth

To keep $ safe for a down payment or an emergency fund

To borrow $ to

purchase items

You should have

2 months of your total salary in an emergency fund

You should have

3-6 months of your living expenses in an emergency fund

You can use credit as an emergency fund

True

False

Banks and Credit Unions

Finance Companies

Pawn Shops

Payday Loan Companies

Federal Reserve

The Mint

The U.S. Treasury

First National Bank of the U.S.

Withdraw money

Order checks

Balance your checkbook

Write checks

Home address

Answers to security question

Your Personal Identification Number (PIN)

A type of checking account

A savings account where you lock in your $ for a term to earn a higher interest rate

A savings account that allows you to withdraw your $ at any time

Withdraw cash

Deposit checks

Transfer funds

Order checks