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Banking Practices (Grade 5)

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Banking Practices

Which of the following are financial institutions?
  1. bank
  2. library
  3. credit union
  4. museum
Which services is a bank likely to offer?
  1. balance
  2. savings account
  3. online banking
  4. net deposit
When depositing money into an account, it is important to:
  1. include your account number
  2. thank the teller
  3. swipe your credit card
  4. sign your deposit ticket
The amount left over from your paycheck after taxes and deductions is called:
  1. balance
  2. gross balance
  3. transaction
  4. net pay
You can continue to write checks as long as you have checks in your checkbook.
  1. True
  2. False
All bank transactions should be recorded in the register.
  1. True
  2. False
A direct deposit is when you take your paycheck directly to the bank after you receive it.
  1. True
  2. False
Credit cards and debit cards are essentially the same thing.
  1. True
  2. False
When saving, you should remember that the                    the interest rate, the better.
When saving, you should remember that the                    the money is saved, the better.
When saving, you should remember that the more you add to your                     , the better.
Banks offer different kinds of accounts because:

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