Financial Literacy Vocabulary

Financial Literacy Vocabulary

Multiple Choice

What describes a debit card best?

• payback

• interest added to unpaid balance

• direct link to bank account

• loan

Multiple Choice

Which of the following best describes a credit card?

• direct link from bank account

• pin required for purchases

• borrowed money

• no payments

Multiple Choice

Which word describes the amount of money you have in your account at any time?

• deposit

• transaction

• withdrawal

• balance

Multiple Choice

Which word describes money added to your bank account?

• withdrawal

• transaction

• deposit

• balance

Multiple Choice

Which word describes the amount of money taken from your account?

• Withdrawal

• transaction

• deposit

• balance

Multiple Choice

Which word describes the activity that happens in a bank account, including money coming into the account and going out of the accont?

• withdrawal

• deposit

• transaction

• balance