Financial Literacy Vocabulary Quiz

Protects against losses to property and injuries to people in a car accident

• Health Insurance

• Auto Insurance

• Renters Insurance

• Loan

Used to withdraw cash from a checking account

• ATM

• Loan

• Credit Card

• Debt

An amount available or owed on an account

• Check

• Loan

• Balance

• Deposit

An order to pay another person an amount of money from your account

• Loan

• Debt

• Transfer

• Check

Record of all deposits to and withdrawals from a checking account

• Check

• Cleared Check

• Check Register

• Balance

Account where money can be withdrawn with checks or a debit card

• Expense

• Savings Account

• Debit Card

• Checking Account

When money has been transferred from the account of the payer to the payee

• Cleared Check

• Loan

• Debt

• Expense

Allows you to make purchases and pay form them at a later date

• Debit Card

• Credit Card

• Cleared Check

• Savings Account

The amount you owe on a loan

• Loan

• Net Pay

• Debt

• Expense

Used to make purchases with funds directly from a checking account

• Credit Card

• Overdraft

• Debit Card

• Loan