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JA Biztown Financial Literacy Flashcards | StudBud
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JA Biztown Financial Literacy
JA Biztown Financial Literacy
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1
When depositing money into an account, it is important to:
swipe your credit card
sign your deposit ticket
thank the teller
<p>include your account number</p>
2
What do you need to do when you get your paycheck?
Endorse it
Tipthe CFO
Take out the Taxes
Put in the amount
3
What goes in the the memo part of a check ?
The name of the company
Description of what was bought
Date of purchase
Your name
4
A fee that is received for the use of money
Cost
Economy
Resources
Interest
5
Cards that allow customers to electronically andimmediately withdraw funds from their account.
Credit Card
Debit Card
6
A direct deposit is when you take your paycheck directly to the bank after you receive it.
True
False
7
Which of the following are financial institutions?
library
bank
museum
credit union
8
Where do you record debits and credits from your checking account?
Debit Card
Deposit Ticket
Check Register
On your hand
9
Which services is a bank likely to offer?
savings account
balance
net deposit
online banking
10
<p>Select the correct answer.</p>
She wrote the check with a date of a previous month
<p>She wrote a check for the incorrect amount</p>
She didn't have enough balance in her checking account
<p>she was supposed to get cash instead of writing check</p>
11
The amount left over from your paycheck after taxes and deductions is called:
gross balance
transaction
balance
net pay
12
You can continue to write checks as long as you have checks in your checkbook.
<p>True</p>
<p>False</p>
13
A card that allows the holder to buy goods/services, taking out a bankloan for the purchases.
Debitg Cardf
Credit Card
14
When do you need to sign your deposit ticket?
After writing a check
When you want cash back
When you take it to the bank
Always
15
All bank transactions should be recorded in the register.
False
True
16
Credit cards and debit cards as essentially the same thing.
<p>True</p>
False
