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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
15 terms
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Day 1 and 2 Review
Flashcards
15 cards
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Practice quiz
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Host live
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Questions
15
Answers
1
Who owns a check register?
anyone who has a checking account
adults
teenagers
children
2
What is a deposit?
money that you spend on candy and games
money that you put away or put in the bank to use later
3
A service charge on your check register is listed as a
Debit
Credit
4
Money owed
Credit
Debit
Foreclosure
Debt
5
You use a ____ card for ATM transactions.
debit
smart
credit
stored-value
6
Should you use a check register?
Yes
If you want
Maybe
No
7
What is currency?
nothing
a system of money in general use in a particular country
i don't know
a unicorn
8
What is interest?
money
borrowed money
Price of borrowed money
being interested in business
9
what is a consumer?
someone who eats food
someone who buys goods/services from other people
someone who sellls goods/services
10
Overdraft protection...
brings in a few hundred dollars each year to banks.
should be opted out of so you avoid overdraft fees
is a service offered only for premium checking accounts.
is often a free service that prevents you from overdrafting.
11
What is the meaning of ATM?
Applied Texting Manual
Automated Teller Machine
Awesome Time Machine
Automatic Tomato Maker
12
If I am going to withdraw money from the bank what am I doing?
adding money
transferring money
subtracting money
making money
13
What is a transaction?
To give something away
An instance of buying or selling something; a business deal.
Records of the business
A business pitch
14
What is a check?
Paper
A booklet used to record checking transactions
A written order to a bank to pay the amount stated
A written loan from the bank
15
What is a deposit?
taking away from your account
a checking fee
adding to your account
not having enough funds
