JA BizTown Financial Literacy

Question 1

You have received a check from your work. What should you do to the back of your paycheck?

Accepted Answer

Endorse It

Question 2

The amount left over in your paycheck AFTER taxes and deductions is called:

Accepted Answer

Net Pay

Question 3

Which of these are financial institutions? (Multiple answers)

Accepted Answer

Bank, Credit Union

Question 4

When your paycheck is electronically deposited into your bank account, it is called:

Accepted Answer

Direct Deposit

Question 5

Which of these is a service that a bank could offer? (Multiple Answers)

Accepted Answer

Online Banking, Savings Account

Question 6

A check that is written for more money than is in the checking account is called:

Accepted Answer

Bounced Check

Question 7

You can continue to write checks as long as you have checks in your checkbook.

Accepted Answer

False

Question 8

When you pay with a check, where does the money come from?

Accepted Answer

Your Checking Account

Question 9

Credit cards and debit cards are the same thing.

Accepted Answer

False

Question 10

Where do you record ALL your bank transactions?

Accepted Answer

A Check Register

Questions 10