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:

Back

include your account number

Front

You can continue to use your debit card even if you have no money in your account.

Back

False

Front

All bank transactions should be recorded in the money tracker.

Back

True

Front

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

Back

False

Front

Credit cards and debit cards are essentially the same thing.

Back

False

Front

Why do banks offer different kinds of accounts?

Back

Different customers have different needs.

Front

The higher the interest rate of a savings account, the better

Back

True