Financial Literacy

Which two of these are financial institutions?

• library

• credit union

• bank

• museum

Which TWO of these are NOT services that a bank offers?

• net deposit

• online banking

• savings account

• balance

Which is required when depositing money into an account?

• account number

• tell the bank teller they look nice today

• show your credit card

• sign your deposit ticket

The amount left over from your paycheck after taxes and deductions are witheld is called:

• net pay

• transaction

• gross balance

• balance

You can continue to write checks as long as you have checks left in your checkbook.

• True

• False

You should record ALL transactions in your register.

• True

• False

A direct deposit is when your paycheck is automatically deposited into your account without you having to take it to the bank.

• True

• False

There is no difference between credit and debit cards.

• True

• False