Financial Literacy

Which of the following situations describes a withdrawal?

• Thea removes money from her bank account to pay for birthday presents.

• Daniela puts her weekly allowance into her bank account.

• Westyn puts money from his birthday into his piggy bank.

• Skylar puts money into her sock draer each week for a skateboard.

Which of the following situations describes a deposit?

• Cody removes money from his piggy bank to go see a movie.

• Craig puts money from his birthday party into his bank account.

• Camila removes money from her bank account to pay for a toy.

• Claire removes money from her piggy bank to buy a new jacket.

Hunter decides to take money out of his bank account to pay for a video game. Which of the following best describes the situation?

• take out

• remove

• deposit

• withdrawal

Angela got $75 for her birthday and put it into her savings account. She already has $152 in her savings account. How much money does she have in her savings account after she deposited the $75?

• $302

• $227

• $125

• $77

Adriana has $425 in her bank account. After she goes to the bank, she has $675 in her account. What did she do at the bank?

• withdrew money

• spent money

• deposited money

• saved money

Grace puts her weekly allowance into her piggy bank each week. Which of the following best describes the situation?

• spending

• saving

• depositing

• withdrawing

Which is an example of responsible borrowing?

• Adrian borrows $0.99 from Hunter. He still owes Hunter $0.99 after three months.

• Adrian borrows $10 from his dad. He pays his dad $5 each week for two weeks.

• Adrian lends Hunter all of his lunch money.

• Adrian won $50 in a contest.

Which is an example of lending?

• Jacob let Natalie use his pencil.

• Jacob made Natalie breakfast.

• Jacob bought milk after school.

• Jacob gave Natalie a game.

Sergio had $680 in his bank account. He had to withdraw $207 to pay for new clothes. How much money does Brandon have left in his bank account?

• $473

• $887

• $487

• $878

Margot had $168 in the bank. Now she has $71 in the bank. What did Margot do?

• She made a deposit.

• She was saving money.

• She made a withdrawal.

• She was earning money.