Financial Literacy Review

Are not intended for daily use, Earn interest, money saved for emergencies or large purchase

Card allows user to borrow money to purchase goods. Monthly bill. Like a loan with high interest if not paid in full.

Do not occur regularly and the amount changes based on needs, wants, and choice...

A current tool of exchange in the form of coins and banknotes (bills).

Are intended for daily purchases, useful to help pay for things like gas and groceries, do not earn interest, debit card

A prepaid card with a set amount of money on it. Just like using cash but can only be used at the store purchased from.

Money people are paid for the work and services they do is called what?

Money added to a bank account is known as a DEPOSIT. True or False? 

Occur regularly and the amount does not change....

A set amount of money that you will spend and save is known as what?

A fee you pay for borrowing money/ a fee you are paid for letting the bank use your money is what?

A card that is issued by your bank and is tied directly to your checking account. Have to enter a pin code to use.

Expenses are...

Money taken out of a bank account is known as withdrawl. True or false?