Banking and Finance Basics

Banking and Finance Basics

Assessment

Flashcard

Life Skills

8th Grade

Practice Problem

Easy

Created by

Mary Patty

Used 1+ times

FREE Resource

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8 questions

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1.

FLASHCARD QUESTION

Front

Account

Back

A place for you to keep money at a bank or credit union.

2.

FLASHCARD QUESTION

Front

Bills

Back

Money that you owe for things like utilities (water, heat, electricity, etc.) and debt.

3.

FLASHCARD QUESTION

Front

Budget

Back

A plan for how much you want to spend in different areas based on how much money you make.

4.

FLASHCARD QUESTION

Front

Check

Back

A signed document that tells a bank or credit union to give someone a specific amount of money from an account. Checks are cashed (traded for cash) or deposited at banks or credit unions.

5.

FLASHCARD QUESTION

Front

Credit Card

Back

A card you use to borrow money and make purchases up to a certain limit. You must pay the money back later with interest.

6.

FLASHCARD QUESTION

Front

Debit Card

Back

A card that takes money from your checking account at a bank or credit union to pay for something.

7.

FLASHCARD QUESTION

Front

Deposit

Back

When you put money into an account at a bank or credit union.

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