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Biztown Financial Literacy Assessment Flashcards | StudBud
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Biztown Financial Literacy Assessment
Biztown Financial Literacy Assessment
10 terms
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StudBud Administration
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132 plays
A Quiz to assess students' understanding of financial literacy prior to attending Biztown.
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
The money left over from your paycheck after taxes and deductions is called:
balance
transaction
gross balance
net pay
2
When depositing money into an account, it is important to:
get a lollipop from the teller
thank the teller
sign your deposit ticket
swipe your credit card
3
Banks offer different kinds of accounts because
All of the above.
There are many types of bank clients.
They want to earn money.
Different customers have different needs.
4
Which of the following are financial institutions?
library
museum
bank
car wash
5
Credit cards and debit cards are essentially the same thing.
true
false
6
A direct deposit is when you take your paycheck directly to the bank after you receive it.
false
true
7
Which one is NOT true about savings accounts?
The more you add to your savings, the better.
The higher the interest rate, the better.
The more withdrawals you make, the better.
The longer money is saved, the better.
8
All bank transactions should be recorded in the register.
true
false
9
Which service is a bank likely to offer?
shoe shine
net deposit
balance
online banking
10
You can continue to write checks as long as you have checks in your checkbook.
false
true
