Biztown- Financial Literacy

Which of the following are financial institutions?

(Select all that apply)

• Bank

• Library

• Credit Union

• Museum

• Liberty Elementary

Which services is a bank likely to offer?

(select all that apply)

• savings account

• checking account

• online banking

• net deposit

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

• include your account number

• thank your teller

• swipe your credit card

• get a free cup of coffee

The amount left over from your paycheck after taxes and deductions is called

• balance

• transaction

• gross balance

• net pay

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

• True

• False

All bank transactions should be recorded in the register.

• True

• False

A direct deposit is when you take your paycheck directly to the bank after you receive it.

• True

• False

Credit cards and debit cards are essentially the same thing.

• True

• False

Credit cards and debit cards can be used to pay for goods and services.

• True

• False

Banks offer different kinds of accounts because:

(choose all that apply)

• Different customers have different banking needs

• They want to get people's business

• They are forced to by the government