Financial Literacy

Which one of the following are financial institutions?

• bank and credit union
• library and hospital
• school and museum
• Starbucks and Wal-Mart

Which services is a bank likely to offer?

• net deposit and balance
• online banking and savings accounts
• check writing and car wash
• credit card and Tootsie Rolls

When depositing money into an account, it is important to:

• include your account number
• swipe your credit card
• thank the teller
• sign your deposit ticket

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

• True
• False

Banks offer different kinds of accounts because:

• Different customers have different needs
• They have to by law
• It seems like the fun thing to do
• They are greedy

Tags

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RL.5.2

The longer the money is saved, the better

• True
• False

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.3

What do we call a fee that is collected for using someone's money?

• Deposit

• Interest

• Loan

• Check

Tags

CCSS.7.RP.A.3

Something that you pay is called....

• income
• an expense
• a profit
• savings

Tags

CCSS.L.4.6

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.4.2D

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

Car insurance is a 

• variable expense
• fixed expense