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