Semester One Final Exam Review

Money in your bank account is insured by the ________________.

What word means to spend more money than you have in your account?

• overdraw

• account balance

• deposit

• debit card

What word means the amount of money left in your account to spend?

• overdraw

• account balance

• deposit

• debit card

Putting money into your bank account is a ______________?

• overdraw

• account balance

• deposit

• debit card

The card that is linked to your bank account is a _____________ card.

When you use a credit card you are spending the banks money and you can pay it back over time.

• True
• False

If you overdraw your account you have to pay a fee.

• True
• False

A card you use to spend money you borrow from the bank is a __________________.

• Debit card

• Credit Card

• Checking Account

• Savings Account

An account with a bank used to save money that can earn interest over time is a ____________.

• Debit card

• Credit Card

• Checking Account

• Savings Account

An account with a bank that allows you to spend your money using a debit card, checks, or take money out of an ATM is?

• Debit card

• Credit Card

• Checking Account

• Savings Account