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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Answers
1
A machine that allows bank customers to deposit or withdraw money without visiting the bank
ATM
Endorse
Checking Account
Income
2
The money people earn for their work based on value they bring to the business
Endorse
Outcome
Income
Direct Deposit
3
Money borrowed that must be repaid usually with interest
Loan
Endorse
Income
Direct Deposit
4
A written signature on the back of a check
Endorse
Indorse
Net Pay
Payroll Tax
5
A card that allows customers to electronically and immediately withdraw funds from their account
Credit card
Debit card
Savings Card
Bank Card
6
The price paid for the use of borrowed money
ATM
Debit Card
Deposit Ticket
Interest
7
A bank account used to pay bills and access funds using checks debit cards and electronic payments
Savings Account
Income
Checking Account
Direct Deposit
8
An electronic transfer of money directly from the employer to the employee's bank account
Debit Card
Salary
Direct. Deposit
Income
9
A written record of money put into a bank account
Deposit Ticket
Endorse
Income
Operating Costs
10
The current amount of money in a account
Balance
Debit Card
ATM
Deposit Ticket