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Duplicate of JA Biztown Financial Literacy Flashcards | StudBud
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Duplicate of JA Biztown Financial Literacy
Duplicate of JA Biztown Financial Literacy
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Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Which services is a bank likely to offer?
online banking
net deposit
balance
savings account
2
All bank transactions should be recorded in the register.
True
False
3
Which of the following are financial institutions?
library
credit union
museum
bank
4
You can continue to write checks as long as you have checks in your checkbook.
True
False
5
What do you need to do when you get your paycheck?
Endorse it
Tipthe CFO
Put in the amount
Take out the Taxes
6
The amount left over from your paycheck after taxes and deductions is called:
net pay
balance
transaction
gross balance
7
Cards that allow customers to electronically andimmediately withdraw funds from their account.
Credit Card
Debit Card
8
Select the correct answer.
She didn't have enough balance in her checking account
she was supposed to get cash instead of writing check
She wrote a check for the incorrect amount
She wrote the check with a date of a previous month
9
When do you need to sign your deposit ticket?
When you take it to the bank
When you want cash back
After writing a check
Always
10
A card that allows the holder to buy goods/services, taking out a bankloan for the purchases.
Debit Card
Credit Card
11
When depositing money into an account, it is important to:
sign your deposit ticket
swipe your credit card
<p>include your account number</p>
thank the teller
12
A fee that is received for the use of money
Resources
Economy
Interest
Cost
13
What goes in the the memo part of a check ?
Date of purchase
Your name
Description of what was bought
The name of the company
14
Credit cards and debit cards as essentially the same thing.
True
False
15
Where do you record debits and credits from your checking account?
Deposit Ticket
Check Register
On your hand
Debit Card