Banzai budgeting - Study guides, Class notes & Summaries

Banzai Budgeting pre-test questions and answers 2023Why should you stay away from borrowing up to your credit limit? - correct answer Because it reflects poorly on your credit score. You find evidence that your identity has been stolen. Who should you contact first? - correct answer The Federal Trade Commission. Which of the following deductions are you most likely to see on your pay stub? - correct answer Social Security deduction. What is the main purpose of the dual accounting method...

QUESTIONS AND ANSWERS

Banzai Questions with correct Answers 2023 Accounts A report of your financial standing—positive and negative—usually over a specific time period. Budget Deciding how to spend your money before you actually spend it. Cash The physical form of money, such as coins or paper money. Checking Account A bank account that allows quick access to money for everyday expenses. Credit Obtaining something you want with the understanding you'll pay for it later. D...

Banzai TEEN Questions with correct Answers 2023 cash The physical form of money, such as coins or paper money. checking account A bank account that allows quick access to money for everyday expenses. deposit Turning your money over to a financial institution for safekeeping. credit Obtaining something you want with the understanding you'll pay for it later. principal The amount of money that you borrow when using a loan or credit card. interest A percen...

Banzai Plus Questions with correct Answers 2023 Amortize Paying a loan off in installments, rather than one lump sum. Claim A request submitted to your insurance provider to help pay for covered Comprehensive Coverage Car insurance that protects against damage that isn't caused by a collision. Credit Score A number assigned to an individual that quantifies their ability to use and pay back credit. Deductible The amount of money you're responsible for paying be...

Banzai Questions with correct Answers 2023 amortize pay off a debt in installments APR Annual percentage rate; the annual rate of interest that is charged for using credit Claim A request submitted to your insurance provider to help pay for covered expenses. Collision Coverage A type of auto insurance that protects against damage costs accrued by the policyholder. Comprehensive Coverage protection against damages to your car from causes other than collision or r...

Banzai Post Test Review Questions with correct Answers 2023 What is the best way to create a budget? Divide your income into categories and plan how much you'll spend on each. How does a debit card work? It lets you pay with the money in your checking account. What is a true thing about credit cards? If you don't pay your balance in full each month, you'll accrue interest. Someone broke into your apartment and stole all of your stuff. Luckily, you have renter's insur...

Banzai Vocab questions with complete answersBank account balance A record or statement of financial expenditures or receipts, often related to a bank or credit union / An amount available or owed on an account. Budget Deciding how to spend your money before you actually spend it. Cash The physical form of money, such as coins or paper money Checking account A bank account that allows quick access to money for everyday expenses. Clearing The time it takes for mone...

Banzai Teen Test Review Questions with correct Answers 2023 What is the best way to create a budget? Divide your income into categories and plan how much you'll spend on each. 3 MULTIPLE CHOICE OPTIONS How does a debit card work? It lets you pay with the money in your checking account. 3 MULTIPLE CHOICE OPTIONS What is true about credit cards? If you don't pay your balance off in full each month, you'll accrue interest. 3 MULTIPLE CHOICE OPTIONS Someone broke into ...

Banzai Teen: Vocabulary questions with complete top solutions Accounts A record or statement of financial expenditures or receipts, often related to a bank or credit union. Balance An amount available or owed on an account. Cash The physical form of money, such as coins or paper money. Budget Deciding how to spend your money before you actually spend it. Checking Account A bank account that allows quick access to money for everyday expenses. Clearing The...