What is income?
Banking Basics

Flashcard
•
English
•
6th - 8th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
Income is money paid to you for working, running a business, or selling property.
2.
FLASHCARD QUESTION
Front
Which of the following is not a form of income?
Back
Taking someone's lunch money is not a legitimate form of income.
3.
FLASHCARD QUESTION
Front
What is a debit?
Back
A debit is when money is withdrawn from a bank account.
4.
FLASHCARD QUESTION
Front
What is a credit union?
Back
A credit union is a not-for-profit, community-based financial institution that requires eligibility to join.
5.
FLASHCARD QUESTION
Front
What is mobile banking?
Back
Mobile banking is designed for banking customers who have access to a smartphone or tablet.
6.
FLASHCARD QUESTION
Front
What is online banking?
Back
Online banking allows customers to conduct financial transactions via the internet.
7.
FLASHCARD QUESTION
Front
What is an ATM?
Back
An ATM (Automated Teller Machine) allows customers to withdraw cash and perform other banking transactions.
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