Save
Busy. Please wait.
Log in using Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Financial Literacy

TermDefinition
financial institution A company or business that focuses on financial transactions such as loans, deposits, withdrawals, and investments.
bank A financial institution that collects deposits, makes withdrawals, and manages investments. Banks are regulated by the federal government.
checking account A bank account that customers use for financial transactions such as depositing money and withdrawing money. Account holders use checks or debit cards for financial transactions.
savings account A bank account that customers use to save money.
deposit Adding money to a financial account such as a checking account or a savings account.
direct deposit Money added to a financial account through an electronic transaction.
withdrawal Taking money from a financial account.
balance The amount of money held in a financial account.
debit A withdrawal from a checking account or a withdrawal using a debit card or other electronic transaction.
transaction An exchange of money through deposits, withdrawals, or transfers from one account, business, or person to another account, business, or person.
earnings Money made through performing work or a service (also called income and salary).
fee Money paid for services.
check register A document used to record fees, deposits, withdrawals, and other financial transactions.
insufficient funds Term used when there is not enough money in a checking account to pay for withdrawals. Banks charge fees for NSF.
debit card A plastic payment card used for purchases. Money spent using a debit card is automatically deducted from a financial account.
credit card a plastic payment card that allows users to make purchase. They have a credit limit which is a maximum amount of money that users can borrow
payment transfer of money to a person or business usually for goods or services
fixed expense an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity
variable expense an expense that changes with the amount of sales, production and other products
interest the cost of using money either when the bank uses the money of depositors or individuals use money borrowed from the bank
Created by: megansparks
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards