Biztown Financial Literacy

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

• bank

• library

• credit union

• museum

Which is required when depositing money into an account?

• include your account number

• thank the teller

• swipe your credit card

• sign your deposit ticket

Credit cards and debit cards are essentially the same thing.

• True

• False

A financial institution owned by its members.

• Credit union

• Bank

To write a signature on the back of a check.

• Endorse

• Income

• Accrue

• Interest

Putting money into an account.

• deposit

• withdrawal

Removing money from an account.

• deposit

• withdrawal

An account that allows you easy access to your money through a debit card, atm, or checks is called...

• credit union

• savings account

• checking account

• personal loan

Jordan is a businessman and often on the go. He wants to be able to bank anytime, anyplace, without having to go to a building. Where should Jordan do his banking?

• credit union

• savings and loan

• physical bank

• internet bank

Joe works at a company where he designs shoes. He needs to have a bank service but wants to become a member at a local, not-for-profit financial institution that would support his company. Where should he do his banking?

• credit union

• savings and loan

• physical bank

• internet bank