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WorksheetsFinancial Literacy
Total questions: 20
Worksheet time: 20mins
Debit cards are a convenient way to pay because you don’t have to carry cash or take time to write a check.
True
False
You should tell everyone your PIN number.
True
False
Debit card purchases are “buy now, pay now” so you must have enough money in your account to cover your purchase.
True
False
The bank will record your purchases on your transaction register when you use a debit card.
True
False
If you spend more money than is in your account, your bank will charge you a fee.
True
False
When using a credit card, you will be charged interest if the balance is not paid within 30 days.
True
False
A debit card is basically an electronic check.
True
False
Which of the following are financial institutions?
bank
museum
library
credit union
Which services is a bank likely to offer?
balance
savings account
online banking
net deposit
Which is required when depositing money into an account?
include your account number
swipe your credit card
thank the teller
sign your deposit ticket
The amount left over from your paycheck after taxes and deductions are withheld is called ______________.
balance
transaction
gross balance
net pay
You can continue to write checks as long as you have checks in your checkbook.
True
False
All bank transactions should be recorded in the register.
True
False
A direct deposit is when you take your paycheck directly to the bank after you receive it.
True
False
What is the machine called that is used to withdraw money and that is found in shopping centers, in convenience stores, and outside financial institutions?
GWB (Great Wonderful Bank)
ATM (Automatic Teller Machine)
EBT (Easy Bank Teller)
AMM (Awesome Money Maker)
When do you need to sign a deposit ticket?
Always
When you want cash back
If the tell asks you to
On Fridays
Which accounts usually pay interest?
checking
banking
savings
credit
What is a transaction register?
a booklet that the school gives you for recording your grades
a book with money in it
a booklet for writing down memories
A booklet for recording money deposited or withdrawn from an account.
What does deposit mean?
remove
take away
put into
spilled
What does withdraw mean?
put into
transaction
write a check
remove
