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6th grade: Financial Literacy Flashcards | StudBud
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6th grade: Financial Literacy
6th grade: Financial Literacy
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1
Joe moved money from his checkings to savings account. What type of transaction did he make?
Deposit
Transfer
Interest
Withdrawal
2
Credit, Debit, OR Both
BOTH
CREDIT
DEBIT
3
Credit, Debit, OR Both?
DEBIT
BOTH
CREDIT
4
A ______________ is a log that helps to keep track of all of your transactions.
Balance Sheet
A Check
Check Register
Credit Card Bill
5
Answer the following question.
$25
$22
$73
$15
6
What does it mean to live within your means?
Never buy anything.
Do not spend money that you do not have.
Spend ALL your money!!!
Go on a shopping spree.
7
Answer the following question
Transaction Fee
Negative Balance Fee
Interest Fee
Overdraft Fee
8
Credit, Debit, OR Both?
BOTH
CREDIT
DEBIT
9
Kaylauses her debit card frequently and never writes a check. What is the best bank for her?
Hometown Bank
Transnational Bank
First City Bank
10
When you put money IN your bank you are making a:____________?
Deposit
Transfer
ATM
Withdrawal
11
What do you call someone who spends money?
Giver
Spender
Consumer
Lender
12
You are making a ____________ when you take money OUT of your bank account.
Deposit
ATM
Withdrawal
Tranfer
13
Answer the following question.
ATM fee
Cash back fee
Overdraft fee
Canceled check
14
How is interest calculated?
Principal x interest rate x time
Interest x gross x amount
taxes x interest x money
deposits x withdrawl x interest
15
An overdraft fee is money you pay when you spend _______ money than you have in your account.
MORE
LESS
16
Answer the following question.
Check Return Fee
Overdraft Fee
Transaction
Interest
