Banking

Banking

Assessment

Flashcard

Professional Development

7th Grade

Hard

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16 questions

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1.

FLASHCARD QUESTION

Front

What are pawn shops?

Back

They charge high interests on tangible assets.

2.

FLASHCARD QUESTION

Front

What are rapid refund services?

Back

Provide instant refunds when you have your taxes prepared.

3.

FLASHCARD QUESTION

Front

What is "interest"?

Back

Rate earned, compounding method, fee charged.

4.

FLASHCARD QUESTION

Front

How should you write out the amount on a check?

Back

You should write in in words not numbers.

5.

FLASHCARD QUESTION

Front

What is a direct deposit?

Back

Earnings automatically deposited in your bank account from a job or government agency.

6.

FLASHCARD QUESTION

Front

What is online banking?

Back

Banking through online services.

7.

FLASHCARD QUESTION

Front

What are smart cards?

Back

Debit or credit cards with a microchip.

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