Banzai budgeting - Study guides, Class notes & Summaries
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Banzai Budgeting pre-test questions and answers 2023
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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...
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Banzai Budgeting pre-test questions 2023 100% C0RRECT
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QUESTIONS AND ANSWERS
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Banzai Questions with correct Answers 2023
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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...
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Banzai TEEN Questions with correct Answers 2023
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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...
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Banzai Plus Questions with correct Answers 2023
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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...
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Banzai Questions with correct Answers 2023
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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...
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Banzai Post Test Review Questions with correct Answers 2023
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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...
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Banzai Vocab questions with complete answers
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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...
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Banzai Teen Test Review Questions with correct Answers 2023
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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 ...
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Banzai Teen: Vocabulary questions with complete top solutions
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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...
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