Study

# Banking and Budgeting

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• Name at least 2 examples of utilities?
Electricity, gas, garbage, water, phone
• Give 2 examples of a fixed expense?
Rent, Utility bills like electricity, gas, phone, cable TV, gym membership
• When you say to the bank teller, "what is my balance please?", what are you asking them?
You are asking them how much money do you have in your account
• What does it mean if something is a good value
when something is a good price, when one brand is cheaper than other brands, when a store has better prices than another, etc.
• What is a deposit?
Putting money IN the bank
• What nutrient is chicken an excellent source of?
protein
• What is a withdrawal?
Taking money out of the bank
• Give 2 examples of a variable expense?
Buying a video game, going out to the movies, getting a pair of new shoes,
• You want to buy a ticket to see a movie. It costs \$8.00. You also want to buy a small popcorn for \$5.00 and candy for \$5.00. You have \$20.00. Do you have enough money?
Yes! Enjoy
• True or False: it is more economical (a better value) to buy your own groceries and eat at home.
True
• True or False: Earnings and Income mean the same thing
True
• What is the person that works at the bank called?
The bank teller
• What is an expense?
Something you spend your money on
• How much is a cheeseburger?
\$2.95
• SUPER CHALLENGE QUESTION: 1) How much does a hamburger, french fries, and medium coke cost if you bought each one separately? 2) How much is the meal if you buy all 3 things together by ordering the #3?