Financial Literacy Quiz

amount charged against your checking account as a service or a penalty

• fee
• flea

Tags

CCSS.L.4.1G

CCSS.L.K.4A

the code that must be used with a debit card

• Security Code

• PIN

a plastic card that is put in an ATM machine to make transactions directly from the account

• gift card
• debit card

Tags

CCSS.RI.11-12.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

the amount of money in an account

• balance
• debit card

Tags

CCSS.4.MD.B.4

withdrawing more money than is in the checking account

• overdraft

• Fees

a transaction that moves money from one account to another

• transfer

• ZELLE

a transaction that reduces the balance in an account

• debit

• credit

A debit card lets you...

• buy something and have the amount taken directly out of your savings or checking account.

• borrow money from a company that you then pay back later with interest.

• have "instant money" of a certain dollar amount that is used at a certain location.

Which card allows you to borrow money that have to pay back later? It's also considered to be a short term loan.

• debit card

• gift card

• credit card

A savings account balance can vary and it pays you interest

• True

• False