Unit 3 Financial Lit. Assessment

Front

What is a type of account where you can write checks?

Back

Checking account

Front

What is a financial institution owned by its members?

Back

Credit Union

Front

What is a benefit of a savings account?

Back

High interest

Front

What can you do with a checking account?

Back

Deposit and withdraw money

Front

What is NOT an example of something used with a checking account? Options: Checks, Debit card, Library card

Back

Library card

Front

"Deposit" in the context of a checking account

Back

To put money in

Front

What might you receive from a checking account?

Back

A check

Front

Checking account

Back

A bank account for frequent deposits and withdrawals

Front

What can you earn by storing money in a savings account?

Back

Interest

Front

What is not a reason to use a savings account? Options: To save for a big purchase, To earn interest, To spend money immediately, To store money safely

Back

To spend money immediately