Managing Your Money Test Review

Front

A person can earn and be charged interest.

Back

True

Front

A debit card can be described as an electronic check that requires a PIN.

Back

True

Front

A budget should include money for saving, spending, and giving.

Back

True

Front

The total amount of money you make BEFORE deductions is called

Back

Gross income

Front

The total amount of money you make AFTER deductions is called

Back

Net income

Front

Anyone can open an account here: credit union, commercial bank, both?

Back

commercial bank

Front

What type of financial institution is owned by their customers? Options: credit union, commercial bank, both

Back

credit union

Front

What offers financial services? (Options: credit union, commercial bank, both)

Back

both

Front

In business to make money: credit union, commercial bank, both

Back

commercial bank

Front

What are the membership requirements to open an account? Options: credit union, commercial bank, both

Back

credit union