How many colors are there in a rainbow?
7
A great option for storing your money for short term and day to day use.
Checking Account
One difference between a savings account and checking account.
Savings earns interest
Tool for investing
Largely inaccessible
Accrues interest
Average overdraft fee
DOUBLE POINTS!!!!!
$24.93
What is the loudest animal on Earth?
What is a sperm whale?
Ring around the rosie nursery rhyme symbolizes what event?
Bubonic Plague
What does ATM stand for?
Automate Teller Machine
interest you earn on interest
Compound interest
True or False: Overdraft protection is a required feature of most checking accounts with no ability to opt out.
False
What does P2P stand for?
Person to Person Banking
What is the name of the scale used to measure spiciness of peppers?
Scoville
You win 300 and take 100 from every team!!! Or you Lose 500!
Name three P2P payment apps
Cash App
PayPal
Venmo
Zelle
Apple Pay
This type of account allows for higher interest rates, flexible withdrawals and a minimum account balance.
Money market account
There are 7 common banking fees. Name 2.
Name two P2P apps
Zelle
Cashapp
Venmo
Paypal
ApplePay
Tasmania is part of what country?
Australia
Depositing a check with your smartphone by taking a picture and uploading it to your banking platform.
Mobile deposit
CD = ?
Certificate of Deposit
Savings account holders withdraw over the federal limit, which is six free withdrawals and transfers per month. Which fee does this incur.
Excessive transactions
Explain direct deposit
...
TRIPLE POINTS!!!
What year did the Titanic sink?
1912
Two important questions you should ask when opening a checking account.
Min balance, opening fees, overdraft fees, online, spending limits?
Make sure your bank is insured through...
Federal Deposit Insurance Corp.
A fee incurred when you don’t have enough money in your bank account, and the bank will cover you by taking the funds from your linked savings account, second checking account, line of credit, etc.
Overdraft
When is the Unit 8 test?
Tomorrow, 11/9/23