stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
Financial Literacy
10 terms
·
StudBud Administration
·
52 plays
Banking Basics Credit/Debit Assets
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Money is subtracted from a bank account through
ATM Withdrawal
Writing a Cheque
Debit Card Purchase
All of the Above
2
The maximum amount of credit extended to you by a bank or credit card issuer is called the
finance charge
interest rate
credit limit
maximum payment
3
Inflation represents a
a general increase in prices
price incurred for using credit
a general decrease in prices
annual charge for using a credit card
4
What is not an example of personal assets?
investments
house
cheque book
car/art work
5
A PIN is used to
Complete a banking transaction
Access private financial information
All of the above
Secure your debit card purchases
6
If you do NOT have an outstanding balance on your credit card, you are eligible for a
minimum payment
service charge
credit limit
grace period
7
The lowest amount you must pay toward your credit balance each month is called
minimum payment
monthly fee
finance charge
opportunity cost
8
A cheque/debit card that is withdrawing over the amount currently in the bank account is
Overdraft
Deposit
Debit
Withdrawal
9
Which of the following can be used to deduct funds automatically from a checking account?
Personal Check
Credit Card
Gift Card
Debit Card
10
What is an ATM?
Automatic Teller Machine
Anywhere Tender Mechanism
Anytime Teller Machine
Accessible Teller Money
