How does you money increase in a savings account?

The bank pays because it uses your money for other investments

What does a savings account allow you to do?

have money on hand for unexpected expenses or emergencies

What is the purpose of a paycheck?

to give you money in exchange for work

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BizTown Financial Literacy Lesson 1 & 2

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Questions 12

Answers

1
What is required on a bank application?
transaction list
checkbook number
health ID number
full name
2
What happens when you have insufficient funds in your bank account? (aka not enough money)
high fee
record transactions
nothing
required withdrawal
3
How does you money increase in a savings account?
You money is multiplied by other people's money
The bank pays because it uses your money for other investments
It grows by sitting in the bank account
4
Where do you endorse a paycheck?
on the back
after "pay to the order of"
in the memo section
in the register
5
Which is a responsible action to make with your money?
track it
spend it
give it all away
trade it
6
What does a savings account allow you to do?
get money out of the bank
have more spending money now
use a money register
have money on hand for unexpected expenses or emergencies
7
Which option lists financial institutes?
clothing and food shops
banks and credit unions
credits and debits
libraries and schools
8
Which action is required when depositing money into an account?
sign you deposit ticket
list your income
include your account number
swipe your credit card
9
Which services is a bank likely to offer?
savings and checking accounts
balances and net deposits
advertising and web services
time management
10
Which right does the U.S. Constitution protect?
right to responsible
right to keep private property
right to a bank account
right to endorse a paycheck
11
What is the purpose of a paycheck?
to be sure you have money
to keep track of your withdrawals
to give you money in exchange for work
to show proof of income
12
What is private property?
property that is free
property that you own
property that the government owns
property that no one can see

BizTown Financial Literacy Lesson 1 & 2 Flashcards | StudBud