A bank account used to pay bills and access funds using checks and debit cards

A card that is purchased for a certain amount and then used like cash at a specific store

A card that allows you to spend only the amount you have pre-deposited into an account

A check that is written for more than the amount of money in a checking account

A written record of money put into a bank account, usually a checking account

An electronic transfer of money from one account to another; often used by employers to pay employees

A bank safe where documents, jewelry, or other valuables are kept

Automated teller machine. A machine that allows bank customers to deposit or withdraw money without visiting their bank

A model of the movement of goods, services, resources, and money in an economy

Public Goods & Services

Goods and services provided by a government for the use of all people. Paid for through tax dollars.

Private Goods & Services

Merchandise and skills offered in markets for a price.

A system in which economic decisions are made by people and businesses, with little government influence.

Payments that citizens and businesses are required to make to a government to pay for public goods and services.

Supply is the amount of goods or services available to consumers. Demand is how much consumers want or request of the supply. When demand is high and supply is low, prices go up. When demand is low and supply is high, prices go down.

A person who creates or supplies goods or services.

People who buy and use goods and services.

A person who uses resources to start a business.

The labor, skills, and abilities of workers.

Things made by people and used to produce goods or offer services. Includes machines and materials.

Things that occur naturally in the world and are used to make goods or provide services.

A business that hires one or more people, usually for a salary.

A person who works for an employer.

A written summary of a person’s work and school experience, designed to spark an employer’s interest. A resume also helps an employer hire the best person for the job.

Skills that represent the way good employees act on the job, such as being punctual, treating customers with kindness, working as a team, and dressing appropriately.

The crime of stealing someone else’s personal or financial information for your own use.

When you are putting money/funds into a bank account.

When you are taking money/funds out of a bank account

A fee received or paid for the use of money.

A fee received or paid when you spend more money than you have in your account.

Money borrowed that must be repaid, usually with interest.

A check received for work completed.

A way of persuading people to want goods or services.

Financial Literacy Flashcards Flashcards

Student preview

39 questions

Show all answers

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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