Financial Institutions Flashcard

Front

Which are examples of financial institutions?

Back

banks and credit unions

Front

Which services is a bank likely to offer?

Back

savings and checking accounts

Front

What are private goods and services?

Back

goods and services that businesses provide for sale to consumers

Front

Which bank service would you use to borrow money to start a new business?

Back

business loan

Front

Which type of institution is at the center of JA BizTown's economy?

Back

financial

Front

Which institution is at the center of JA BizTown’s government?

Back

City Hall

Front

What is the purpose of a paycheck?

Back

to give you money in exchange for your work

Front

Where do you endorse a paycheck?

Back

on the back

Front

Which is a responsible choice to make with your money? Options: spend it, track it, give it all away, lose it

Back

track it

Front

Where does the money come from when you use a debit card to buy groceries?

Back

your bank account