JA Biztown Finances

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

All transactions should be recorded in your bank register. True or False

• True

• False

How are credit cards and debit cards different?

• they are exactly the same

• a credit card is a loan, while a debit card deducts money directly from your checking account

• a credit card allows you to purchase gas only

• a debit card is a loan, while a credit card deducts money directly from your checking account

A machine that allows bank customers to deposit or withdraw money without visiting their bank.

• ATM (Automated Teller Machine)

• Balance

• Bank

• Business

The current amount of money in an account.

• ATM

• Balance

• Bank

• Business

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

• bank

• library

• credit union

• museum

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

• True

• False

A check that is written for more than the amount of money in a checking account.

• Deposit ticket

• Credit card

• Bounced check

• Paycheck

To write a signature on the back of a check.

• Endorse

• Income

• Accrue

• Interest

Putting money into an account.

• deposit

• withdrawal