stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Duplicate of Financial Literacy Flashcards | StudBud
Explore
/
Duplicate of Financial Literacy
Duplicate of Financial Literacy
10 terms
·
StudBud Administration
Pre-assessment of the 6th Grade Financial Literacy TEKS. #6thgrademath #financialliteracy
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Which of the following can be used to deduct funds automatically from a checking account?
Debit Card
Credit Card
Personal Check
Gift Card
2
If you do NOT have an outstanding balance on your credit card, you are eligible for a
grace period
service charge
minimum payment
credit limit
3
Money is subtracted from a bank account through a(n)
Debit Card Purchase
Writing a Check
All of the Above
ATM Withdrawal
4
A check/debit card transaction in an amount over the total on deposit in a bank account is a(n)
Withdrawal
Debit
Deposit
Overdraft
5
Who guarantees your bank deposits up to $250,000?
My Bank
FDIC
ATM
APR
6
The lowest amount you must pay toward your credit balance each month is called
finance charge
minimum payment
opportunity cost
monthly fee
7
Inflation represents a(n)
annual charge for using a credit card
a general decrease in prices
price incurred for using credit
a general increase in prices
8
What is an ATM?
Anytime Teller Machine
Accessible Teller Money
Automatic Teller Machine
Anywhere Tender Mechanism
9
The maximum amount of credit extended to you by a bank or credit card issuer is called the
credit limit
interest rate
finance charge
maximum payment
10
A PIN is used to
Access private financial information
Secure your debit card purchases
Complete a banking transaction
All of the above