Financial Literacy

The actions of depositing and withdrawing money.

• Microtransactions
• Saving Money
• Transactions
• Shoe Laces

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

Amount charged if your payment is received after the billing date

• late payment fee
• overdue fee
• withdrawal fee
• loser fee

What was the balance of the account at the end of the day on 7/24?

• 4720.33
• 4320.03
• 5091.15
• 4500.75

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

Which one of the following are financial institutions?

• bank and credit union
• library and hospital
• school and museum
• Starbucks and Wal-Mart

Which services is a bank likely to offer?

• net deposit and balance
• online banking and savings accounts
• check writing and car wash
• credit card and Tootsie Rolls

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

• True

• False

All bank transactions should be recorded in the register

• True
• False

Banks offer different kinds of accounts because:

• Different customers have different needs
• They have to by law
• It seems like the fun thing to do
• They are greedy