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Review for JA Biztown financial literacy Flashcards | StudBud
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Review for JA Biztown financial literacy
Review for JA Biztown financial literacy
20 terms
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StudBud Administration
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#EAGLE Biztown review
Flashcards
20 cards
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Practice quiz
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Host live
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Questions
20
Answers
1
What happens if I write a check but don't have enough money to pay for the item?
The store won't let me buy the item.
Nothing happens
I get to spend as much as I want as long as I have checks
A fee will be charged to me for bouncing a check
2
Endorsing a check means...
To sign the back of your check
To tell everyone you have money
To use a debit card
To use a credit card
3
Net Pay is...
The amount of money left over in your paycheck after taxes.
The amount of money before taxes are taken out.
The total amount of money in your savings account.
When you pay for an item.
4
A business agreement or exchange...
check
debit
transaction
loan
5
A service that allows customers to perform banking activities using the internet.....
Bank teller
online banking
ATM
transaction
6
Banks provide
all are correct
safe deposit boxes
savings accounts
checking accounts
7
A deposit slip is a slip that...
tells the bank you want a loan.
shows the checks and cash that you want to put in the bank.
tells what is in your safe deposit box.
tells you how much money you have in the bank.
8
When do you sign a deposit slip?
I always have to sign it no matter what.
I don't have to sign a deposit slip ever.
When I want to keep some of the money I am depositing.
Whenever I feel like it.
9
You can write as many checks as you want as long as you have checks.
No right answer
True
True and False
False
10
A bank account used to pay bills...
credit card
debit card
checking account
savings account
11
What is the term for a system that guides how money is earned and used in a society?
economy
transaction
financial institution
credit union
12
A business that provides money related services is ......
financial institution
transaction
credit union
economy
13
A card that allows customers to electronically and immediately withdraw funds from accounts..
credit card
debit card
birthday card
checking account
14
A place where important documents, jewelry, or other valuables are kept...
ATM
under the bed
safe deposit box
checking account
15
A card that allows a person to buy goods and services by borrowing money (a loan).....
birthday card
personal loan
debit card
credit card
16
ATM stands for....
Application Taking Machine
Automatic Transaction of Money
Automated Teller Machine
Ask Tom's Mom
17
Money borrowed that must be repaid, usually with interest....
loan
transaction
savings
debit card
18
When your paycheck is put directly in the bank it is called...
safe deposit box
checking account
savings account
direct deposit
19
An account that earns interest and is often used to hold money that is not needed right away..
transaction
loan account
checking account
savings account
20
A financial institution owned by its members is.....
credit union
financial institution
bank
savings account
