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Financial Literacy 4 Flashcards | StudBud

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What is a SAFE DEPOSIT BOX?

What is INTEREST?

Financial Literacy 4

10 terms·StudBud Administration·1 play

The importance of banks in our everyday lives

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Questions 10

Answers

1
What is INTEREST?
A place of business that takes care of people’s money
To be interested in FortNight
The amount to go on a vacation
The amount the bank will pay you to use your money
2
What is a SAFE DEPOSIT BOX?
The government protects your money
To take money out of the bank
A box to keep your video games in
A secure box at the bank
3
What is a BANK?
A place of business that lends and takes care of people’s money
Gross income
Green Brook Middle School
A place to eat
4
What does it mean to DEPOSIT money?
To put your money in the bank
To go to Home Depot
To take your money out of the bank
To jump in a pool
5
What is a SAVINGS ACCOUNT?
A way to save time
A bank account used to pay everyday expenses
A bank account used to save up for big expenses
A safe place to store your video games
6
What is a BALANCE?
To lose your step while walking
To balance on a balance beam
The amount of money the bank will pay you to use your money
The amount of money you have in the bank
7
What is a CHECKING ACCOUNT?
An account for your XBox
A bank account used to pay everyday expenses
An account to check the time
A bank account for saving up for big expenses
8
What does it mean to OVERDRAW?
To jump off the high dive
When you write a check for more than you have in your account
To step over a red line
The amount of money you keep
9
What does it mean to WITHDRAW money?
To put money in the bank
To draw a picture with markers
To take your money out of the bank
To put your money in a locked box
10
What is FDIC INSURED mean?
Fun Does it Count
The US government will protect your money in the bank up to $250,000
To put your money in a safe box
To write a check for more than you have in the bank