What is a credit card?

A card used to buy things, but don't need the money right away.

What is a credit score

A three-digit number that lenders use that shows your purchase history.

Taking money out of your account

A fee you pay when getting a loan

What is a checking account?

An account you put money in for everyday use.

What is a debit card?

A card used to buy things that takes the money out of your account.

Taxes help pay for...

Schools, roads, and other city needs

Money taken out of your paycheck.

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Banking

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Questions 25

Answers

1
You hasve to sign your name on a check.
True
False
2
What is a credit card?
A gas card
A card used that takes money out of your account right away.
A card used to buy things, but don't need the money right away.
A card used to pay off loans.
3
900 is the highest your credit score can go.
False
True
4
The plastic tips on shoelaces are...
shoeplast
aglets
They do not have a name
plinters
5
What is a credit score
The score you get when using a debit card
A three-digit number that lenders use that shows your purchase history.
The amount of credit cards you have.
The score at the end of a game
6
What were soccer balls once used for?
baseball
catch
basketball
target practice
7
What is a deposit?
Taking money out of the bank
Money taken from an ATM
The money paid from taxes
Putting money into the bank
8
Property tax is a tax you pay on your car
False
True
9
How do banks make money?
They dont
Pays the government for assistance
Charge interest
Charge $25 a day
10
What is a withdrawl?
Putting money into your account
Taking money out of your account
Saving money in your account.
Leaving the bank
11
What is interest?
Money given when taking out a loan
Something you have to pay for when buying food.
Something you find interesting
A fee you pay when getting a loan
12
What is a checking account?
An account you save large amounts of money in.
An account you put money in for everyday use.
An account used to buy a car
An account used to collect interest.
13
Why do people use banks?
So they can go to the ATM every day.
So they can pay interest
To keep your money safe.
So that they can order food
14
budegeting is important, so you can determin how much money you can spend.
False
True
15
The eye of an ostrich is bigger than its...
brain
heart
beak
tail feather
16
What does ATM stand for?
Automated Teller Money
Automatic Time Machine
Automated Teller Machine
All Todays money
17
How many ways are there to make change for a dollar?
293
478
150
65
18
What is the lowest credit score you can get?
200
300
350
250
19
"Pay to the order of" on a check, is where you write who you are paying.
True
False
20
What is sales tax?
A tax on purchases made
A tax the bank charges you when opening a checking account.
A tax taken out when buying a home
A tax taken out of your paycheck
21
What is a debit card?
A way of charging things you don't have to pay for.
A card you use when you owe money to the IRS
A card used to buy things that takes the money out of your account.
A card used when buying expensive things.
22
Taxes help pay for...
Food, water, and other consumable things
Schools, roads, and other city needs
Stores, restaurants, and other places
Rain, snow, and other weather related things.
23
How many ridges does a dime have on its side?
125
99
865
118
24
What is income tax?
Money taken out of your paycheck.
Money given to you by the government.
Money that is found in your paycheck
Taxes you pay for owning property.
25
Money borrowed from the bank is called
Handout
A payment
Interest
Loan

Banking Flashcards | StudBud