Financial Literacy 6th Period

Some banks charge $20 or $25 penalty fee for checks you don't have enough money to cover.

• True
• False

Money taken out of your checking account.

• withdrawal
• stop payment
• endorsement
• outstanding

Where is the best possible place to store you PIN number?

• written on your card in marker
• written on a sheet of paper in your wallet
• written at home in your journal
• You should just remember the number and not have it written down anywhere. 

What is a debit card?

• it's like a check but comes out of your account automaically  
• It's more convient than a check
• Your use your PIN number to make purchases 
• all of the above 

A __________ is a log where you keep track of all your checking transactions.

• statement
• register

What is a deposit?

• Money put into an account.
• Money invested in the stock market.
• Money taken out of an account.

Which of the following is considered a withdrawal from an account?

• Paying expenses
• Transferring money to a different account
• Getting money from an ATM
• All of these are withdrawals

A debit card allows you to make purchases and pay the money back at a later date

• True
• False

Which of the following is NOT an example of a banking fee?

• Overdraft Fee
• Minimum Balance
• ATM Fee
• Deposit Fee

If you don't have enough money to pay for a private college, you cannot attend that college.

• True
• False