JA Biztown Lessons 1-4

What is an ATM?

• A time machine

• Building that holds money.

• A machine that allows bank customers to deposit or withdraw money without visiting their bank.

• A place where you can get as much money as you need.

A (financial) balance is __________

• the current amount of money in an account

• a scale

• the amount of money spent over one month

A bank offers all of the following, EXCEPT this to it's patrons

• checking accounts

• savings accounts

• loans

• the lottery

A board of directors....

• is only comprised of rich people

• are chosen to manage or direct a business

• are chosen to stay away from a business

Which of the following is NOT a financial business?

• McDonald's

• A nail salon

• The U.S. Supreme Court

• Payless Grocery Store

A Certificate of deposit earns _________ over a specific period of time.

• interest

• ice cream

• taxes

• spices

A check is also known as __________________.

• A written order to a bank to pay a certain amount of money from a Checking account

• A loan from a car company to a person

• a company that sells goods and services

Another name for a bank account used to pay bills and access funds using checks and debit cards is ________

• A board of One Direction

• A check

• A checking account

• A chalk

What does a credit card allow you to take out?

• a bank

• a lottery ticket

• a loan

• a muffin

PEFCU is an example of a ________.

• Credit union

• Board of Directors

• NASA

• Book