Financial Literacy

Which of the following are financial institutions?

• Bank

• Library

• Credit Union

• Museum

Which services is a bank likely to offer?

• Balance

• Savings account

• Online banking

• Net deposit

Which is required when depositing money into an account?

• Include your account number

• Thank the teller

• Swipe your credit card

• Sign your deposit ticket

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

• Balance

• Gross Balance

• Transaction

• Net pay

True or False: You can continue to write checks as long as you have checks in your checkbook.

• True

• False

True or False: All bank transactions should be recorded in the register.

• True

• False

True or False: All direct deposit is when you take your paycheck directly to the bank after you receive it.

• True

• False

True or False: Credit cards and debit cards are essentially the same.

• True

• False

Kaylee inherited a valuable necklace and needs a safe place to keep it when she isn't wearing it.

• A box under your bed

• Savings account

• Checking account

• Safe deposit box

Aiden has saved almost enough money for a used car. He needs to borrow the rest so he can purchase reliable transportation to get to his new job.

• Personal loan

• Business loan

• Savings account

• Debit card