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Financial Literacy Assessment #1 Flashcards | StudBud
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Financial Literacy Assessment #1
Financial Literacy Assessment #1
15 terms
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StudBud Administration
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A #finance #quiz to assess student understanding of #bank accounts and #spending.
Flashcards
15 cards
F
Practice quiz
P
Host live
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Questions
15
Answers
1
Amount of money you have in the bank at a given time
Deposit
Deposit Slip
Balance
Fee
2
Having a relationship with a bank helps establish a financial history, which helps get a loan.
False
True
3
Your money is safe from theft, loss, and fire when deposited into a bank account
False
True
4
A financial institution/s where one must become a member in order to open an account
Bank
Thrift
Both A & B
Credit Union
5
Piece of paper that you give to the bank teller with how much money you are putting into bank
Deposit
Deposit Slip
Balance
Overdraft
6
Negative balance on an account that occurs when too much money is withdrawn
Deposit
Fees
Overdraft
Balance
7
Direct deposit is when you go to the bank branch and deposit your money
False
True
8
Using a bank costs more than using a check cashing service
True
False
9
Most of this institution’s business is centered on providing home loans
Bank
Credit Union
Both A & B
Thrift
10
Charges imposed by financial institutions for reasons like bouncing checks or monthly charges
Fees
Balance
Deposit
Deposit Slip
11
Money you add to your account
Deposit
Deposit Slip
Fees
Overdraft
12
Which institutions would offer savings & checking accounts also provide various types of loans?
Bank & Thrifts
Thrifts & Credit Unions
Credit Unions & Banks
All of the Above
13
An institution/s where profit is one major goal.
Thrift
Both A & B
Bank
Credit Union
14
Which institution offers extra financial service like investment & stock market opportunities?
Banks
Thrifts
Both A & B
Credit Unions
15
FDIC insures your money so that if a bank goes broke, you'll still have access to your money
True
False
