Savings Grade 7

Putting aside money for future use is called

• savings

• credit

• checking

• spending

Things that are essential are called

• wants

• needs

• choices

• options

Things you would like to have are called

• bills

• needs

• wants

• credit

A breakdown of your income and expenses for a set period of time is called a(n)

• checking account

• credit card

• savings account

• budget

A bank account that allows you to save for future use and earn interest is called a(n)

• savings account

• checking account

• credit card

• debit card

A type of savings account offered to to young adults and students that may have additional benefits including no monthly fees and no minimum balance requirement.

• teen savings account

• debit account

• credit card account

• None of the above

Automatic Teller Machine. Allows a customer to take out physical currency from their bank account.

• ATM

• DC

• ATT

• None of the above

An amount of money you add to a bank account.

• Deposit

• Withdrawal

• Credit

• Return

An amount of money you take out of a bank account.

• Deposit

• Withdrawal

• Credit

• Return

The money you earn on your savings account balance over a period of time.

• Credit

• Debit

• Interest

• Checking