Biztown: Financial Literacy

Which of the following are financial institutions? Choose all that apply.

• bank

• library

• credit union

• museum

Which services is a bank likely to offer? Choose all that apply.

• balance

• savings account

• online banking

• net deposit

Which is required when depositing money into an account?

• include your account number

• thank the teller

• swipe your credit card

• sign your deposit ticket

The amount left over from your paycheck after taxes and deductions are withheld is called ___________.

• balance

• gross balance

• transaction

• 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

A machine that allows bank customers to deposit or withdraw money without visiting their bank.

• ATM

• Check

• Loan

• Safe deposit box

A card that allows the holder to buy goods and services by taking out a bank loan.

• Checking account

• Credit card

• Debit card

• Savings account

Tags

CCSS.RI.5.4

CCSS.RI.5.5

CCSS.W.5.2D