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Financial Literacy: Debit/Credit Flashcards | StudBud
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Financial Literacy: Debit/Credit
Financial Literacy: Debit/Credit
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15 cards
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Questions
15
Answers
1
What do you call someone who spends money?
Spender
Lender
Consumer
Giver
2
Answer the following question.
Overdraft Fee
Interest
Check Return Fee
Transaction
3
Answer the following question.
$15
$25
$22
$73
4
When you put money IN your bank you are making a:____________?
Deposit
Withdrawal
ATM
Transfer
5
What does it mean to live within your means?
Do not spend money that you do not have.
Never buy anything.
Go on a shopping spree.
Spend ALL your money!!!
6
You are making a ____________ when you take money OUT of your bank account.
Deposit
Tranfer
ATM
Withdrawal
7
Answer the following question
Negative Balance Fee
Overdraft Fee
Transaction Fee
Interest Fee
8
Joe moved money from his checkings to savings account. What type of transaction did he make?
Transfer
Interest
Deposit
Withdrawal
9
Credit, Debit, OR Both
BOTH
DEBIT
CREDIT
10
Credit, Debit, OR Both?
DEBIT
BOTH
CREDIT
11
Kayla uses her debit card frequently and never writes a check. What is the best bank for her?
Transnational Bank
First City Bank
Hometown Bank
12
Answer the following question.
Canceled check
Cash back fee
ATM fee
Overdraft fee
13
Credit, Debit, OR Both?
DEBIT
CREDIT
BOTH
14
A ______________ is a log that helps to keep track of all of your transactions.
A Check
Balance Sheet
Check Register
Credit Card Bill
15
An overdraft fee is money you pay when you spend _______ money than you have in your account.
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