Banking Banking Banking

General

100

What is a bank?

What is a financial institution in which people use to store their money (varied responses)

200

Name 2 ways a person can use a bank.

What is Saving, borrowing, paying bill or managing money

300

FDIC will insure what amount per individual

What is 250k

400

The pin is typically used when dealing with which type of card

What is a debit card?

500

The government agency that protects your money in the bank

What is FDIC

Differences between. .

100

Deposits and Withdrawals 

What is money going in vs money going out

200

A checkings and saving account

What is one is an account that is specifically made for spending the money you put in the account the other is for saving money

300

Loan officer and Teller

What is Loan officer deals with lending money. Tellers deal with account management. 

400

an ATM and a bank teller

computer banking vs real person

500

Short term and long term assets

Long term assets hold their value over a longer period of time. (land, house) Short term assets depreciate quickly (car,RV,ATV)

Vocab

100

An employee who helps with account transactions

What is a bank teller?

200

A payment of a bill made directly from your bank account.

What is Automatic Payment?

300

A plan on how a person will spend the money they make or receive

What is Budget?

400

The amount of money you have in your bank

What is your balance

500

A list of your debits and credits

What is a statement

Misc.

100

Name 4 NFL teams

any 4 of the 32 teams

200

The first fast food restaurant in America?

What is White Castle?

300

What president is on the one dollar bill?

Who is George Washington?

400

Name 4 different banks

What is BOA(bank of american) Wells fargo, suntrust, fedral reserve,va credit union (varied response)

500

The first bank was opened in . .*hint: during George Washington's time

What is 1791?