Financial Literacy Quiz

What is a for-profit financial institution that is federally licensed to receive deposits and issue loans?

• Credit Card

• Bank

• Debit Card

• Budget

What is a plan for income and expenses during a set period?

• Career

• Cash

• Budget

• Debt

What term describes a profession, occupation, trade, or vocation?

• Career

• Consumer

• Income

• Job

What is money in coins or notes called?

• Cash

• Check

• Deposit

• Expense

What is a written, dated, and signed draft that directs a bank to pay a specific sum of money to a person or company?

• Credit Card

• Debit Card

• Check

• Gift Card

What type of account allows checks to be written for purchases or services and may be used to receive wages and pay bills?

• Savings Account

• Checking Account

• Credit Card

• Prepaid Card

Who is a person that buys or receives goods or services?

• Bank

• Career

• Consumer

• Financial Institution

What is a card issued by a financial institution that lends money to be used for in-person and online purchases, which must be paid back?

• Debit Card

• Credit Card

• Prepaid Card

• Gift Card

What is an automated teller machine (ATM) card that can be used to pay for goods at stores or businesses, online, and at ATMs, drawing money from a checking account?

• Credit Card

• Prepaid Card

• Debit Card

• Gift Card

What is the amount of money you owe to a lender you’ve borrowed from?

• Deposit

• Debt

• Expense

• Interest