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Financial Literacy(Credit, Debit, Checks & Paycheck stubs

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The amount paid for use of borrowed money

a)

interest

b)

savings

c)

checking

2.

To put money into a bank is to

a)

speak

b)

deposit

c)

mail

d)

electronic

3.

To take more money out of an account than is available in the account is to

a)

save

b)

deposit

c)

overdraw

d)

withdraw

4.

This is an electronic banking station that enables people to bank 24 hours a day 7 days a week is a

a)

investment

b)

savings

c)

checking

d)

atm

5.

This plastic card looks like a credit card, but it us used to withdraw money from your account

a)

debit card

b)

credit card

c)

atm card

6.

Money or goods you owe

a)

deposit

b)

debt

c)

credit card balance

7.

Money that is lent and is to be paid back is

a)

rent

b)

loan

c)

take

8.

A number generally between 300 and 800 shown on a credit report is

a)

social security number

b)

tally score

c)

credit score

9.

The amount of your income or paycheck after deductions.

a)

savings

b)

net

c)

total amount

d)

FICA

10.

The entire amount of your income or paycheck before deductions

a)

gross

b)

net

c)

federal income tax

11.

Another person who signs on a loan

a)

borrower

b)

debt collector

c)

cosigner

12.

The dates you worked for which you are being paid is

a)

pay time

b)

pay period

c)

dates

13.

Money deposit directly into your bank account

a)

direct deposit

b)

atm

c)

savings

14.

Means how much you have made this year

a)

YTD

b)

current

c)

annual

15.

Working more than 40 hours a week is

a)

full-time

b)

overtime

c)

part-time

16.

A document attached to every paycheck that details your earnings and deductions

a)

paycheck

b)

paycheck stub

c)

paypal

17.

A check that is not cleared because of insufficient funds is said to

a)

skip

b)

bounce

c)

hop

18.

Name of person being paid is the

a)

payee

b)

piper

c)

people

19.

Amount of money is your account is the

a)

limit

b)

amount

c)

balance

20.

Personal identification number entered into ATMs to access your access your account is

a)

PIN

b)

code

c)

password