JA Biztown - Financial Literacy

Front

Which of the following is a financial institution? library, city hall, museum, credit union

Back

credit union

Front

True or False: A bank is a financial institution.

Back

true

Front

An account that allows you easy access to your money through a debit card, atm, or checks is called...

Back

checking account

Front

Which is required when you deposit money into your account? Options: a signed deposit slip, your account number, a gift for the bank teller, swipe your credit card

Back

your account number

Front

What is your net pay?

Back

the amount of your paycheck after all taxes and deductions are taken out

Front

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

Back

false

Front

What is a direct deposit?

Back

Your job deposits your paycheck directly into your account electronically.

Front

All transactions should be recorded in your bank register. True or False

Back

True

Front

How are credit cards and debit cards different?

Back

A credit card is a loan, while a debit card deducts money directly from your checking account.

Front

Why do banks offer different kinds of accounts?

Back

different customers have different financial needs and goals