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Duplicate of JA Biztown Financial Literacy Flashcards | StudBud
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Duplicate of JA Biztown Financial Literacy
Duplicate of JA Biztown Financial Literacy
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Flashcards
28 cards
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Practice quiz
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Questions
28
Answers
1
When you buy something in Pennsylvania you pay?
Sales tax
Penny tax
Income tax
Property tax
2
True or false credit unions offer less products than banks?
False
True
3
All bank transactions should be recorded in the register.
False
True
4
You can continue to write checks as long as you have checks in your checkbook.
<p>False</p>
<p>True</p>
5
Which of the following is not a tax collected?
Penny tax
Income tax
Sales tax
Property tax
6
Which is a non profit?
credit union
banks and credit unions
bank
7
True or false Banks offer loans
true
false
8
True or False Credit Unions have limited membership?
False
True
9
A card that allows the holder to buy goods/services, taking out a bankloan for the purchases.
Credit Card
Debitg Cardf
10
When depositing money into an account, it is important to:
swipe your credit card
<p>include your account number</p>
sign your deposit ticket
thank the teller
11
True or false You can get a credit card at a bank and a credit union?
False
True
12
A direct deposit is when you take your paycheck directly to the bank after you receive it.
False
True
13
What do you need to do when you get your paycheck?
Tipthe CFO
Put in the amount
Endorse it
Take out the Taxes
14
Members are the owners of
banks
credit unions
15
Cards that allow customers to electronically andimmediately withdraw funds from their account.
Debit Card
Credit Card
16
Which is owned by share holders?
banks
credit unions
17
Credit cards and debit cards as essentially the same thing.
False
<p>True</p>
18
A fee that is received for the use of money
Cost
Interest
Economy
Resources
19
What goes in the the memo part of a check ?
Description of what was bought
Date of purchase
The name of the company
Your name
20
<p>Select the correct answer.</p>
She wrote the check with a date of a previous month
She didn't have enough balance in her checking account
<p>She wrote a check for the incorrect amount</p>
<p>she was supposed to get cash instead of writing check</p>
21
When do you need to sign your deposit ticket?
After writing a check
When you take it to the bank
Always
When you want cash back
22
Which of the following are financial institutions?
museum
library
bank
credit union
23
True or false Anyone can join a bank?
False
True
24
True or false Banks have more services than credit unions?
True
False
25
Where do you record debits and credits from your checking account?
Debit Card
Deposit Ticket
Check Register
On your hand
26
The amount left over from your paycheck after taxes and deductions is called:
net pay
transaction
balance
gross balance
27
Which services is a bank likely to offer?
online banking
balance
net deposit
savings account
28
The amount left over from your paycheck after taxes and deductions is
Balance
Net pay
Transaction
Gross pay
