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