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