Financial Literacy Unit

What is a machine that allows bank customers to deposit or withdraw money without visiting their bank?

• ATM (automated teller machine)
• Safe deposit box
• Credit card
• Certificate of deposit (CD)

What is the current amount of money in an account?

• Certificate of deposit (CD)
• Loan
• Transaction
• Balance

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

• Transaction
• Loan
• Check
• Debit card

What is a bank account that is used to pay bills and access funds using checks and debit cards?

• Savings account
• Checking account
• Credit card
• Debit card

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

• Credit card
• Debit card
• Credit union
• Loan

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

• Credit card
• Debit card
• ATM (automated teller machine)
• Check

What is money borrowed that must be repaid, usually with interest?

• Loan
• Check
• Checking account
• Debit card

What is a business agreement or exchange?

• Transaction
• Board of directors
• Economy
• Financial institution

What type of tax do you pay for Cheetos and soda?

• income tax
• sales tax
• property tax
• payroll tax

Who should you share your PIN with?

• Your parents
• Your friends
• No one
• Someone you've just met