JA Financial Literacy Review

Are credit cards and debit cards the same thing?

• Yes

• No

When you take your check to the bank to deposit it, that is called a direct deposit.

• True

• False

Where do you record your transactions when you shop or make a deposit?

• deposit ticket

• register

• on the check

Can you keep writing checks as long as you have them?

• Yes

• No

Your pay BEFORE you have to take out taxes is called...

• Net Pay

• Gross Pay

The amount left over from your paycheck after taxes and deductions are withheld is called...

• Net Pay

• Gross Pay

When depositing money into your bank account, what should you be sure to include?

• a thank you for the teller

• your account number

• swipe your credit card

What is a service that the bank offers?

• balancing your register

• letting you open a savings account

• making a net deposit

Which of the following is a financial institution?

• library

• bank

• museum