Banzai - Study guides, Class notes & Summaries

BANZAI QUESTIONS AND ANSWERS

BANZAI! Question and answers rated A+ 2024 Account - correct answer Arrangement with a bank or credit union letting you deposit and withdraw money. Account Statement - correct answer List of financial transactions you made over a given period. Auto Insurance - correct answer Protects against losses to property and injuries to people in a car accident. ATM (Automated Teller Machine) - correct answer Used to withdraw cash from a checking account. Bad Check - correct answer Check writt...

Banzai Questions with correct Answers 2023 A sum of money to be used for a particular purpose budget Like a credit card, but it takes money directly from your checking account. debit card A card that lets you buy goods and services based on a promise to pay later, A card that charges monthly interest if the balance is not paid in full credit card An account where the depositor can write checks. checking account An account where money is stored and returns a low i...

Banzai Vocab Questions with correct Answers 2023 Bank 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 fo...

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 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 Why is good credit important when renting an apartment? Your landlord will run a credit report before he agrees to rent to you, so he can find out if you have a history of paying your bills on time. If you have a low credit score, he will either be less likely to rent to you, require a bigger deposit, or charge higher rent. How much does it cost to rent an apartment in your area? The average one-bedroom apartment can cost anywhere between $300...

Banzai Questions with correct Answers 2023 budget a sum of money to be used for a particular purpose debit card takes money directly from your bank account credit card lets you make purchases with a promise to pay later; interest is charged if the balance is not paid in full checking account a bank account where the depositor/owner can write checks and use a debit card savings account a bank account where money is stored and returns a low interest rate ba...

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...