Finance Unit 5 Savings vs Checking Review

Front

What type of account do you pay your bills from?

Back

Checking

Front

This type of account is used to save money.

Back

Savings

Front

You are issued an ATM card with this type of account.

Back

Checking

Front

People save for emergencies with this type of account.

Back

Savings

Front

When you use your ATM card to pay bills, your money is withdrawn from this account.

Back

Checking

Front

What does deposit mean?

Back

You are putting money INTO your account. YOU are ADDING it to your balance.

Front

What does withdrawal mean?

Back

You are taking money OUT of your account. You are SUBTRACTING it from your balance.

Front

Your paycheck is directly deposited into your checking account monthly. Is this a deposit or withdrawal?

Back

Deposit

Front

You purchase concert tickets online. Is this a deposit or withdrawal?

Back

Withdrawal

Front

You use your ATM card to purchase groceries at Ralphs.

Back

Deposit