Financial Literacy

Front

Which one of the following are financial institutions? bank and credit union, library and hospital, school and museum, Starbucks and Wal-Mart

Back

bank and credit union

Front

Which services is a bank likely to offer? Options: net deposit and balance, online banking and savings accounts, check writing and car wash, credit card and Tootsie Rolls

Back

online banking and savings accounts

Front

What do we call the amount left over from your paycheck after taxes and deductions?

Back

net pay

Front

When depositing money into an account, it is important to: include your account number, swipe your credit card, thank the teller, sign your deposit ticket

Back

include your account number

Front

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

Back

False

Front

All bank transactions should be recorded in the register.

Back

True

Front

A direct deposit is when you take your paycheck directly to the bank after your receive it.

Back

False

Front

Credit cards and debit cards are essentially the same thing.

Back

False

Front

Banks offer different kinds of accounts because:

Back

Different customers have different needs

Front

The higher the interest rate, the better

Back

True