Financial Lit
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| deposit | Coins, checks, and currency put into a bank account
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| direct deposit | A deposit which is electronically transferred from your employer to your
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| checking account | An account at a bank which gives you easy access to your money
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| check register | Assists you in keeping a record of your deposits and withdrawals
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| balance | The amount of money in your checking account
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| bank statement | A listing from the bank of all your transactions for the month
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| service charge | A fee for conducting business through your bank
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| reconcile | Comparing your check register with your bank statement
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| savings account | A specific type of bank account which earns interest
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| deposit | The money you put in the bank, credit union, or brokerage firm
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| interest | The amount of money paid for the use of a lender's money
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| simple interest | Based on three factors: principal, rate, and time
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| compound interest | Earned on original principal plus interest earned during previous periods
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| annuity | An account into which someone deposits an equal amount of money at equal periods of time
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| principal | The amount of money earning interest in a savings account
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| withdrawal | The money you take out of your bank, credit union, or brokerage firm
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| total purchase price | The total selling price plus sales tax
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| unit pricing | A technique that allows shoppers to compare prices
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| comparison shopping | Locating the best value for your money
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| coupons | Redeemed at the time of purchase
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| rebates | Redeemed by mailing in a sales slip and special form
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| markdown | Discount
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| markdown rate | A percent of the regular selling price
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| sale price | Regular selling price minus the markdown
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
kristenwoodard
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