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Financial Literacy Quiz Flashcards | StudBud
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Financial Literacy Quiz
Financial Literacy Quiz
13 terms
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StudBud Administration
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301 plays
A review of economy and the use of financial literacy.
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
What services is a bank likely to offer?
snow removal
net deposit
online banking
balance
2
Direct deposit means I must take the money to the bank.
True
False
3
I have a bunch of checks, so I can buy whatever I want.
False
True
4
It is important to remember this ______ about a savings account.
Use the force and make your money grow
If you save money you can't ever get it.
The longer you save the more you get.
Savings accounts are a rip off.
5
The amount after taxes and deductions on a paycheck. (This is the amount you actually take home.)
cheese burger
gross balance
balance
net pay
6
Which of the following are financial institutions?
store
museum
city hall
bank
7
Another service that banks offer is ...
net deposit
Y-wing cleaning
savings account
balance
8
Every transaction should go in the check register or record.
False
True
9
Which of the following are financial institutions?
museum
city hall
credit union
a loan
10
When depositing money into an account, it is important to: (pick the best one)
say hi to the bank teller
swipe your credit card
sign your deposit ticket
include your account number
11
Banks offer different types of accounts because...
They have more than one safe
They don't really have different accounts, this statement is false
They fear Lord Vader
Different customers have different needs
12
The amount of money your paycheck would be before taxes and deductions is...
pizza
net pay
balance
gross pay
13
Credit and debit cards are pretty different.
True
False
