Money Basics
put money in a safe place and keep it there
a) save
b) spend
c) limited
d) earn
a) save
money that you can physically hold in your hand is called
cash
checking and savings are types of what?
bank accounts
When you put money into your account it is called a
deposit
use money to buy things you want
a) save
b) spend
c) limited
d) earn
b) spend
Where should you keep $5.00?
a) wallet
b) home
c) bank
a) wallet
How old do you have to be to open a bank account?
18 years old on your own or 13 years old with a parent/guardian
When you take money out of your account it is called a
withdrawal
means there is only a set amount
a) save
b) spend
c) limited
d) earn
c) limited
Where should you keep $350.00?
a) wallet
b) home
c) bank
c) bank
A ______ is someone who helps you manage your money safely at the bank.
teller
All the money you have in your bank account right now is called your
balance
to receive as a return for effort
a) save
b) spend
c) limited
d) earn
d) earn
Where should you keep $75.00?
a) wallet
b) home
c) bank
b) home
After you swipe your debit card, you need to type in your _______.
PIN number
4
money you earn regularly from your job is called
income
You earned $70.00 working for your uncle. You need $10.00 for lunch today so you put it in your wallet. How much money do you have left and where should you keep it?
$60.00, at home
What does ATM stand for?
automated teller machine
Tanya wants to buy a present for her friends' birthday. She should go to the bank and use which kind of slip?
Withdrawal slip