Financial Literacy Flashcards

Financial Literacy Flashcards

Assessment

Flashcard

Social Studies

6th Grade

Practice Problem

Easy

Used 1+ times

FREE Resource

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39 questions

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1.

FLASHCARD QUESTION

Front

Gross Balance

Back

The amount of money in an account before any deductions

2.

FLASHCARD QUESTION

Front

Net Balance - netpay

Back

The amount of money in an account after any deductions

3.

FLASHCARD QUESTION

Front

Credit Card

Back

A card that allows the holder to buy goods and services by taking out a bank loan

4.

FLASHCARD QUESTION

Front

Debit Card

Back

A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services

5.

FLASHCARD QUESTION

Front

Check

Back

A written order to a bank to pay a certain amount of money from a checking account to another person or business

6.

FLASHCARD QUESTION

Front

Financial Institution

Back

A business that provides money-related services, such as a bank or credit union

7.

FLASHCARD QUESTION

Front

Savings Account

Back

An account that usually earns interest and is often used to hold money that is not needed right away

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