Check
Who is the payee?
An account that is used for day-to-day expenses.
What is a checking account?
Name one type of account available at financial institutions.
What are checking account, savings account, or money market account?
This was the first fast food chain to open in China?
What is KFC?
Subtracting money from a bank account.
What is a withdrawal?
The reason the check is written.
What is the memo?
An account designed for saving money that earns interest.
What is a savings account?
Money borrowed that must be paid back with interest.
What is a loan?
Name the first vegetable to be planted in space.
A confidential code used to make a transaction with a card.
What is a PIN?
This goes on the top right corner of the check. Can be written multiple ways. HINT: Look in the classroom.
What is the date?
A member-owned financial cooperative that provides banking services.
What is a credit union?
The advantages of this institution are lower fees, better interest rates, and a focus on member service.
What are the advantages of credit unions?
What was the first food eaten in space?
What is applesauce?
Adding money to a bank account.
What is a deposit?
This is written under the payee.
What is the amount in words?
A card that allows access to funds in a checking account for purchases.
This is a service that allows transactions to go through even if there are insufficient funds in the account.
What is overdraft protection?
Which food is stolen the most?
What is cheese?
Money paid for the use of someone else's money.
A written order directing a bank to pay a specific amount from one account to another.
What is a check?
Name one benefit of using a debit card.
What is convenience, direct access to funds, and helps with budgeting by limiting spending to available funds?
This type of interest is interest calculated on the initial principal and also on the accumulated interest from previous periods.
What is compound interest?
What is honey?
Corporation that guarantees your bank deposits up to $250,000.
What is the FDIC?