Financial Literacy Challenge 1

Question 1

A charge for borrowing money that is usually an annual percentage of the money borrowed

Accepted Answer

interest

Question 2

Educators is a credit union

Accepted Answer

True

Question 3

Which is a plan for how you will spend your money?

Accepted Answer

budget

Question 4

When you use this card you are using money in your bank account...

Accepted Answer

debit card

Question 5

Comparing Your transactions in your checkbook with those from the bank statement...

Accepted Answer

Balance a Checkbook

Question 6

By the time you retire it is a given that social security will be there

Accepted Answer

False

Question 7

Which is not typically associated with spending

Accepted Answer

certificate of deposit

Question 8

When you put money into your checking account you fill out a...

Accepted Answer

Deposit Slip

Question 9

When we pay taxes in the U.S, the more money you make the........

Accepted Answer

the more taxes you pay

Question 10

The amount of money you take after taxes and deductions...

Accepted Answer

Net Pay

Questions 10