Banking

A card that uses your own money for purchases from a checking or savings account

• Withdrawal

• Debit Card

• interest Rate

• Credit Card

Using this card is like a loan. You have to pay off the balance each month or you will be charged interest.

• Credit Card

• Transfer

• Savings Account

• Deposit

A bank account that you can use for direct deposits, write checks and also comes with a debit card.

• withdrawal

• Checking Account

• Interest Rate

• Debit Card

A bank account that earns interest.

• Withdrawal

• Checking Account

• Savings Account

• Debit Card

Adding money into an account.

• Withdrawal

• Deposit

• Credit Card

• Savings Account

Moving money from one account into another.

• Transfer

• Withdrawal

• Checking Account

• Debit

Borrowing money and paying it back with interest

• Savings Account

• Loan

• Transfer

• Checking Account

Tags

CCSS.7.RP.A.3

The percentage charged to borrow money

• Savings Account

• Interest

• Transfer

• Checking Account

Tags

CCSS.6.RP.A.3C

It is ok to sign a blank check

• yes

• no

Mr. Evetts wants to buy a new television, but he does not have enough money in his bank account to pay for one. Which of these is NOT an option for Mr. Evetts?

• He can use his credit card to buy the television now

• He can save money and pay cash for the television at a later date

• He can use his debit card to buy the television now

• He can save money and use his debit card to buy the television at a later date