stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
Financial Literacy
15 terms
·
StudBud Administration
·
667 plays
A Biztown Unit 1 review
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
The CFO must endorse every paycheck.
True
False
2
Which services will a bank NOT offer?
Savings account
Debit card
None of these
Checking account
3
A credit union is a NOT for profit financial institution that is owned by its members.
False
True
4
What is a balance in terms of banking?
The amount you get on a paycheck.
The amount of money you have at a given time.
5
What is a loan?
Money borrowed that must be repaid, usually with interest
To put money into an account.
To take out funds from an account.
6
What is the bank account used to pay bills?
Savings Account
Bank Account
Checking Account
I don't have bills
7
When opening a savings account, do you want a HIGHER or LOWER interest rate?
Lower
Higher
8
What is an economy?
A system that guides how money is earned and spent.
A for profit financial institution that is backed by the gov
A not for profit financial institution owned by its members
9
What is a transaction?
A machine that allows you to take out money
The current amount of money in an account
A business exchange or agreement.
A company that sells goods or services
10
What is the center of a communities economy?
Your house
The bank
The municipal center
The school
11
Which bank account can earn you interest?
Checking
Savings
12
A bank IS backed by the government and is for-profit.
False
True
13
You ALWAYS have to sign a deposit slip.
False
True
14
Which of the following is a financial institution?
Safe deposit box
Paycheck
Debit card
Internet bank
15
Which way IS NOT a way to take money out of your account?
ATM
Credit card
Write a check
Debit card
