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Checking accounts Flashcards | StudBud

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Checking accounts

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Questions 5

Answers

1
Endorse means to:
Write your name and address.
Sign the back of your check to cash or deposit.
Visit the bank to withdraw money.
Pay someone for their services.
2
What is income?
Income is money received after making a deposit.
Money earned from doing your chores.
Income is money you earn from working.
Income is money you save in your checking account.
3
What is net deposit?
The amount of money withdrawn from your checking account.
The amount of money placed into your checking account.
The amount of the check received from working.
4
What is financial literacy?
The understanding of bank services.
The understanding of earning and spending money.
The ability to read and write.
I understand adding and subtracting money.
5
What is a checking account?
An account used to
A bank account used to pay bills and purchases.
A credit used to buy expensive items.
A bank account used to save money.