Income, Credit & Debit

An example of a financial Institution is:

• A department store

• A bank

• A school

• An ATM machine

Who uses financial institutions?

• Adults

• College Graduates

• Almost everyone who maintains a savings or checking account, uses debit or credit cards, or needs a loan.

• Account holders with lots of cash

Define online banking

• An electronic way to view account activity and pay bills via the internet.

• A for profit financial institution

• A not-for-profit financial institution

• none of the above

A bank is a not-for-profit financial institution

• True

• False

Your abilities include

• Th things you do well

• Your mental competence

• The skill you need to do something

• All of the above

Career Planning is done

• After high school

• In college

• Throughout a lifetime

• Once in a lifetime

Income is money received money received on a regular basis for work or through investments.

• True

• False

How do adults earn a income?

• Adults earn income by working for an employer earning a wage

• Selling goods (like an iphone or PS5)

• Adults profit from financial investments

• All of the Above

What are the characteristics of a Credit Union?

• A not-for-profit financial institution

• All of these are characteristics of a Credit Union

• Mortgages and debit and credit cards

• Member owned

What is an internet bank?

• An electronic way to view your account.

• A not-for-profit bank

• A for-profit bank

• An online bank; no physical branches with tellers or drive-up windows.