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Spend, Save, Share Flashcards | StudBud

Explore/Spend, Save, Share

Spend, Save, Share

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Questions 10

Answers

1
Which is NOT an example of using a checking account responsibly?
Setting up account alerts
Reading your monthly statement
Reviewing daily transactions
Overdrawing your account
2
Which financial institutions are non-profit?
Banks
Credit Unions
3
You can only deposit checks in person, at a bank.
False
True
4
Who can join 1st United Credit Union?
People who live, work or attend school in San Francisco.
Only stock holders.
People who live, work or attend school in Alameda County.
People who make a lot of money.
5
Why is a checking account an important thing to have?
It allows you to spend whatever you want with no limits.
It's a safe place to keep & manage your money.
6
Which is NOT an example of successful money management?
Spending more than you have.
Using an app to keep track of how you spend money.
Opening a checking account.
Opening a savings account.
7
Credit Unions are owned by stock holders.
True
False
8
Which is an example of a want?
Food
Shelter
Designer clothing
Water
9
What is the minimum amount to open an account at 1st United Credit Union?
$5
$25
$100
$15
10
Which is an example of a need?
Books
Movies
Video games
Food