Financial Literacy JA

Which services is a bank likely to offer?

• savings account

• checking account

• online banking

• all of the above.

All of the following are financial institutions EXCEPT

• credit union

• bank

• savings and loan company

• a museum

When depositing money into an account you must have

• endorsed the check

• included your account number

• completed your deposit ticket

• all of the above

Your income BEFORE taxes is called your

• gross pay

• net pay

• pay check

• bank account

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

• True

• False

Credit cards and debit cards are essentially the same thing.

• True

• False

Banks offer different kinds of accounts because

• people want options for how they bank.

• bankers like choices.

• choice is the American way.

• the more choices the less customers.

A withdraw is when a customer

• spends money

• takes money out of the bank.

• completes a drawing.

• puts money into the bank.

When you use a debit card it is the called

• "buy now, pay now"

• "buy now pay later"

When using a credit card, you will be charged interest if the balance is not paid in full within __________ days

• 20

• 40

• 30

• 100