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JA Financial Literacy Review Flashcards | StudBud
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JA Financial Literacy Review
JA Financial Literacy Review
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A #Junior Achievement Financial Literacy Review
Flashcards
12 cards
F
Practice quiz
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Host live
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Questions
12
Answers
1
You can write as many checks as you want as long as you have checks in your checkbook.
False
True
2
During a direct deposit, you have to take your check directly to the bank.
True
False
3
The money left on your paycheck after your taxes have been paid.
Balance
Pay Check
Net Pay
Gross Pay
4
Credit cards and debit cards are the same thing.
True
False
5
Responsible citizens
Spend all of their money.
Give all of their money to charity.
Save some money, spend or share some money.
Save all of their money.
6
Banks offer many services. Some of them are listed below. Which one is not?
checking account
personal loans
net deposit
online banking
7
All of the following are financial institutions found in a community except:
bank
museum
credit union
8
If you put a lot of money in the bank, your savings account balance will decrease.
False
True
9
The longer you save your money, the more money you have.
True
False
10
When depositing your check into the bank, all of the steps are needed except:
Including your account number
Signing your deposit ticket
Endorsing your check
Writing the date on your deposit ticket
11
It is important to find a bank with a lower interest rate in order to save the most money.
False
True
12
You should record all transactions in your check register.
False
True