Types of Banks
This type of bank operates physical branch locations where customers can walk in to handle money in person
What is a Traditional Bank?
This type of bank account safely stores your cash while paying interest, although it is usually a very low percentage
What is a Traditional Savings Account?
True or False: A financial mistake, such as not paying back your loan on time, can hurt your credit score for many years
Bonus: What is the highest credit score someone can have?
What is True?
Bonus: What is 850?
A fee assessed when you try to spend/withdraw more money than you have in your account
What is an overdraft fee?
This person is the Detroit Lions quarterback
Who is Jared Goff?
This type of bank does not have any physical branch locations you can visit
What is an online bank?
This type of bank account keeps your money "locked up" for a period of time, but does pay you a higher interest rate.
Note: If you need the money, you can pay an early withdrawal fee
What is a Certificate of Deposit (CD)
This type of loan is a short-term loan that often comes with high fees or interest
What is a Payday Loan?
In this class, we will attempt to get certified in this Microsoft program
What is Excel?
This singer married Travis Kelce over the summer
Who is Taylor Swift?
This type of bank is a non-profit that often finds way to support the community or another initiative
What is a Credit Union?
This is a hybrid bank deposit account that combines the higher interest rates of a savings account with the payment flexibility of a checking account
What is a Money Market Account?
In the documentary, we saw the bank charge 3 overdraft fees instead of 1 because they processed the highest payment first. This practice is know as...
What is Check Reordering?
aka High-Low Sequencing
This saving concept prioritized your saving over your spending
What is "Pay Yourself First"?
This singer had a major 2026 TikTok resurgence with the song “The One That Got Away”
Who is Katy Perry?