Financial Literacy

A _______________ allows customers to safely store money in the bank and write checks.

A ______ is a written order to a bank to pay a specific amount of money to a person or company out of your checking account.

A ___________ is money put into the account. A ____________ may comes in the form of cash, checks, or transfers.

• deposit

• withdrawal

• debit

• transfer

A _______________ occurs when money is taken out of the account usually from a check, online payment, or Automated Teller Machine (ATM).

• deposit

• withdrawal

• debit

• transfer

A ___________ occurs when money is taken out of the account automatically through the use of a debit card. Debit cards offered by different banks sometimes have different features and costs.

• deposit

• withdrawal

• debit

• transfer

Are you sitting in your ASSIGNED seat, working SILENTLY, and USING YOUR NOTES?

• Yes

• NO

A ___________ occurs when money is moved from one account to another.

• deposit

• withdrawal

• debit

• transfer

An ___________ occurs when money is withdrawn from a bank account and the balance goes below zero (into the negatives).

• deposit

• withdrawal

• overdraft

• transfer

Issued by the bank

• DEBIT CARD

• CREDIT CARD

Generally given to all bank

customers when they open a

checking account

• DEBIT CARD

• CREDIT CARD