Name __________________
Hour ________
Financial Literacy
Standard 3 Study Guide
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A financial institution that provides compensation in case of a disaster or accident is called a(n)
_____________________________________________.
A stock broker is best described as a
______________________________________________________________________________________
______________________________________________________________________________________.
The greatest protection for your coin collection would be to get a ________________________________
box at your bank.
The primary difference between a bank and a credit union is a bank is a ____________-profit financial
service provider and a credit union is a ___________-profit financial service provider.
If your parents are saving for your college education, They have probably opened a ____________
________________ for you already.
Suppose it is late on Saturday night and you want to get cash. You can use an ATM to get cash from your
______________ __________________________.
The purpose of overdraft protection is to allow you to move money from your ____________
________________ when your _______________ _________________ is too low to cover your
payments.
A company that specializes in home loans is called a _____________________ _______________.
The best way to build a relationship with a banker is to open a __________________ _____________ at
her bank.
Financial service providers charge fees to cover the costs of providing ______________ to their
customers.
The primary reason for the expansion of financial services is due to changes in ___________________
that make more services available.
If you were interested in a career focused on buying newly created stocks in the primary market, you
would want to be an_________________ ________________________.
The Primary purpose of a checking account is to assist with ____________________ transactions.
One of the costs associated with using a debit card includes the fact your spending is _________________
to the amount of money in your __________________.
Bank Charters are issued by both _____________ and ____________ governments.
Online banking does NOT give you immediate _______________ to your funds anytime, day and night.
A checking account feature that provides an automatic loan when you spend MORE than you have in your
account is called ____________________ ___________________.
A benefit of using credit cards that you can ____________ today and ________ tomorrow.
If you only have a small amount of money to save, you probably want to open a ______________
____________________ at your local bank or credit union.
The PRIMARY difference between a debit card and a credit card is that credit cards charge
___________________ and debit cards directly deduct funds from your account.