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Duplicate of JA Biztown - Financial Literacy (lesson 2) Flashcards | StudBud
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Duplicate of JA Biztown - Financial Literacy (lesson 2)
Duplicate of JA Biztown - Financial Literacy (lesson 2)
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#JA Biztown
Flashcards
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Questions
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Answers
1
A bank account used to pay bills, write checks, or use debit cards.
Credit Union
Checking Account
Credit Card
Savings Account
2
Bouncing a check....
writing a check for more $ than you have in your account.
involves paying high fees.
is not a problem.
sounds like fun.
3
How you are paid from your business...
Personal Loan
Tokens
Paycheck
Personal Check
4
You always need to sign your deposit tickets?
True
False
5
A card that allows you to electronically and immediately withdraw funds from your account.
Credit Card
Debit Card
Checking Account
ATM Card
6
Ms. Bart wants a safe place to keep her Pokemon cards.
Safety Deposit Box
Online Banking
Checking Account
Personal Loan
7
If there is not enough money in your checking account, the check you write will ______.
Explode
Boomerang
Bounce
Hover
8
ATM?
Airplane Tunnel Mission
Aromatic Tulip Maker
Automated Teller Machince
Automatic Texting Machine
9
Which is the only method for which you buy now and pay later?
Credit Card
Debit Card
Checks
Cash
10
What is signing the back of a check called?
Endearing
Emprinting
Endorsing
Embarassing
11
What is direct deposit?
the money goes in your wallet
the paycheck goes into the transaction register
the paycheck goes right in the checking account
the ball goes right in the goal
12
What can be considered the "center" of a town's economy?
City Hall
The Mall
UHI
Bank
13
Lauren inherited a valuable necklace and needs a safe place to keep it.
Online Banking
Credit Card
Save Deposit Box
Personal Loan
14
When you deposit money in the bank, you use a ....
personal loan
net deposit
speeding ticket
deposit ticket
15
A paycheck and a personal check are the same thing.
True
False
16
A card that allows the holder to buy goods and services and pay for it later.
Checking Account
Credit Union
Credit Card
Savings Account
17
I want cash from my bank, but it is closed. I will use the ATM. Which card do I use?
Christmas Card
Credit Card
Index Card
Debit Card
18
What is the written record of a checking account called?
Register
Transaction Recorder
Transaction Actions
Check Balance Keeper
19
All transactions should be recorded in the check register.
True
False