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JA Biztown Financial Literacy Flashcards | StudBud
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JA Biztown Financial Literacy
JA Biztown Financial Literacy
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Answers
1
What goes in the the memo part of a check ?
Description of what was bought
Date of purchase
Your name
The name of the company
2
You can continue to write checks as long as you have checks in your checkbook.
<p>True</p>
<p>False</p>
3
<p>Select the correct answer.</p>
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>
She wrote the check with a date of a previous month
4
Credit cards and debit cards as essentially the same thing.
<p>True</p>
False
5
A direct deposit is when you take your paycheck directly to the bank after you receive it.
False
True
6
Where do you record debits and credits from your checking account?
Deposit Ticket
On your hand
Debit Card
Check Register
7
All bank transactions should be recorded in the register.
True
False
8
Cards that allow customers to electronically andimmediately withdraw funds from their account.
Credit Card
Debit Card
9
A card that allows the holder to buy goods/services, taking out a bankloan for the purchases.
Credit Card
Debitg Cardf
10
When do you need to sign your deposit ticket?
When you take it to the bank
When you want cash back
After writing a check
Always
11
The amount left over from your paycheck after taxes and deductions is called:
transaction
net pay
gross balance
balance
12
Which of the following are financial institutions?
bank
credit union
library
museum
13
Which services is a bank likely to offer?
online banking
balance
savings account
net deposit
14
A fee that is received for the use of money
Economy
Resources
Cost
Interest
15
When depositing money into an account, it is important to:
thank the teller
sign your deposit ticket
<p>include your account number</p>
swipe your credit card
16
What do you need to do when you get your paycheck?
Endorse it
Put in the amount
Tipthe CFO
Take out the Taxes
