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WorksheetsJA- Financial Institutions
Total questions: 29
Worksheet time: 15mins
A for-profit business that receive deposits, pay interest, make loans and is backed by the federal government. These have buildings where people work and transactions are made.
Credit Union
Bank
Savings and Loan
Internet Banks
A not-for-profit business owned by its members, who have something in common like where they work or live. Services may be limited.
Credit Union
Bank
Savings and Loan
Internet Bank
Customers can access their money using mobile apps, telephone, web pages, and ATMs but there are no walk up tellers or buildings
Credit Union
Bank
Savings and Loan
Internet Bank
Focus on home loans or car loans. Making a deposit is like an investment.
Credit Union
Bank
Savings and Loan
Internet Bank
Janet inherited a valuable necklace and needs a safe place to keep it
Checking Account
Debit Card
Safe Deposit Box
Personal Loan
Liam wants cash from his bank, but it is closed. He will use the ATM
Checking Account
Debit Card
Safe Deposit Box
Personal Loan
Carlos owes you $15 and wants to pay you back, but he lives in Mexico. He will need to mail it with a stamped envelope through snail mail.
Checking Account
Debit Card
Safe Deposit Box
Personal Loan
Ruby's home needs a kitchen makeover. She needs to borrow money and knows that she will need to pay it back over several years.
Checking Account
Debit Card
Safe Deposit Box
Personal Loan
Tyler works part time. He wants to have money for college when he graduates so he won't have to borrow money.
Checking Account
Debit Card
Safe Deposit Box
Savings Account
Manny wants to verify his account balance from home. He has high-speed Internet access.
Internet Banking
Debit Card
Safe Deposit Box
Savings Account
When you sign a banking document, always remember to ...
Sign in cursive
Write the date
make changes in your account register if you deposit or withdraw money
All of the above
When you write a check, on your register it is considered a ...
Payment/Debit
Deposit/Credit
Balance
Number
When doing the work to find your new balance...
Write in the white
Do the math in the gray and you'll be o.k.
Sign your deposit slip
never subtract
When you are depositing your first paycheck, you will need to ...
go to the Business window at the bank
write a check for a debit card
Endorse the back of your check
write the paycheck number in your register
When you are depositing money and you want cash back, you must...
Endorse the deposit slip
Sign the deposit slip in cursive
Fill out a check
Go to the Business window
On your register, It is important to make a note of who you paid or where you got money to deposit under...
Signature line
Transaction Description
Fee
Balance
the exchange of money, goods, and services in an economy
circular flow of an economy
Public goods and services
Required payments to the government
financial institutions
Taxes are...
circular flow of an economy
Public goods and services
Required payments to the government
financial institutions
Banks, savings and loans, online banks are called...
circular flow of an economy
Public goods and services
Required payments to the government
financial institutions
The _____________ is the amount left over from a paycheck after taxes and deductions are taken out.
economy
crumbs
big nothing
net pay
The amount left over after all business costs are paid.
profit
bank account
balance
net pay
Work done for others, such as haircuts, car repairs, on-line connections, free checks at a bank.
Services
Taxes
Transaction
Transaction Register
Payments that citizens and businesses are required to make to a government (local, state and federal) to pay for public goods and services.
Services
Taxes
Transaction
Transaction Register
A business agreement or exchange. Example: paying for a good or service
Services
Taxes
Transaction
Transaction Register
A booklet for recording money put into (deposited) or removed from (withdrawn) an account.
Services
Taxes
Transaction
Transaction Register
A bank safe where documents, jewelry, or other valuables are kept.
Safe Deposit Box
Deposit
Withdraw
Promissory Note
This is what it is called when you put money in to any account at your financial institution.
Safe Deposit Box
Deposit
Withdraw
Promissory Note
This is what it is called when you take money out of one of your accounts at a financial institution.
Safe Deposit Box
Deposit
Withdraw
Promissory Note
An agreement to repay a loan within a certain time period.
Safe Deposit Box
Deposit
Withdraw
Promissory Note
