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Financial Literacy - Unit 2 Checking Accts Flashcards | StudBud
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Financial Literacy - Unit 2 Checking Accts
Financial Literacy - Unit 2 Checking Accts
12 terms
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Financial Lit
Flashcards
12 cards
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Questions
12
Answers
1
A debit in the check register is an example of:
Depositing money from working
None of the above
Withdrawing money from ATM
Depositing money from birthday gifts
2
A bank is a financial institution where you can open savings or checking accounts.
True
False
3
A debit card is safe because with a debit card you can only spend what is in the checking account.
True
False
4
A debit card is usually linked to which account:
None of the above.
Checking Account
Savings Account
Paycheck
5
A check should always be written in pen so nobody can change the amounts.
True
False
6
A debit card is safe because it only lets you buy with money in your account.
True
False
7
A credit in the check registry is an example of what?
Using your debit card to buy ice cream.
Taking cash out at the ATM.
A check written for your water bill.
A deposit like your paycheck.
8
A bank account where you can write a check to pay for a school lab fee is called:
A paycheck.
A savings account.
A debit account.
A checking account.
9
A direct deposit means that your paper paycheck is given to you each week.
True
False
10
An ATM allows people to get money anytime of the day.
False
True
11
A debit in the check registry means that you add money to the balance.
False
True
12
Gross pay is which of the following:
Your paycheck.
Your rent to pay to the landlord.
The amount of your paycheck after taxes are taken out.
The amount of your paycheck before taxes are taken out.
