Biztown session flashcardzes Smithson

Front

Which option lists financial institutions? Banks and credit unions, Libraries and schools, clothing and food shops, credits and debits, cash and plastic

Back

Banks and credit unions

Front

Which services is a bank likely to offer? Options: balance and net deposit, savings and checking accounts, advertising and web searches, time management, Ballet and Tap dancing instruction

Back

savings and checking accounts

Front

What is private property?

Back

property that you own

Front

What is required on a bank application? Options: transaction list, full name, checkbook number, health ID number, Spouses social security number

Back

full name

Front

Which bank service do you need to get money to start a new store? Options: business loan, savings account, safe deposit box, electronic payment, all of the above

Back

business loan

Front

Which type of institution is at the center of BizTown's economy? Options: banking, savings and loan, stock market, social, emotional

Back

social

Front

Which action is required when depositing money into a bank account? Options: include your account number, list your income, swipe your credit card, sign your deposit ticket, getting investor's permission

Back

include your account number

Front

What is the purpose of a paycheck?

Back

to give you money in exchange for work

Front

Where do you endorse a paycheck?

Back

on the back

Front

What happens when you write a check and have insufficient funds in your bank account?

Back

high bank fee