Name the Parts
Is it True or False?
All about Technology
Saving Like A BOSS
The Fed
A little Bit of This or That
100
What is the name of number 2?
What is .........
The date
100
A money order can be purchased up to $1,500.
What is ........
False
100
Many banks now let you check balances, transfer money, or deposit checks using the on your smartphone.
What is ..........
Mobile Phone Apps
100
Money paid to you by a financial institution when you deposit funds there.
What is ........
Interest
100
What does "The Fed" stands for?
What is .......
The Federal Reserve
100
To request your bank not to honor a specific check.
What is ........
Stop Payment Order
200
What is the name for number 9?
What is ......
The memo line
200
A state issued identification is needed to open a savings or a checking account.
What is .........
True
200
When someone steals your personal information to open accounts or make purchases in your name, it's call this ....
What is .........
Identity Theft
200
The secure storage space inside a bank is often rented to keep valuables like jewelry or important papers safe.
What is .........
Safe Deposit Box
200
The Fed is responsible for issuing this type of currency.
What is .......
Money
200
Not for profit financial institution that is owned entirely by its members.
What is ..........
Credit Union
300
What is the name for number 5?
What is......
Payee
300
There is a fee to use your banks ATM.
What is ........
False
300
Apple Pay, Google Pay, and Pay Pal are examples of this digital tool that lets you pay with your phone instead of cash or cards.
What is ..........
Digital Wallet
300
This government agency insures your money in the bank up to $250,000 per account, so you don't lose it if the bank fails.
What is ........
FDIC
300
The Fed clears and processes these between banks.
What is ..........
Checks and Electronic Payments
300
A money order can never bounce. (Hint: This may be true or false)
What is .........
True
400
What is the name for number 7?
What is ........
Written Amount
400
The National Credit Union Administration insures banks up to $250,000.
What is .....
False
400
If you report your lost debit card within 2 business days, this is the maximum you could lose from unauthorized charges.
What is ........
$50.00
400
This savings tool locks your money away for a set time and usually pays a higher interest rate than a regular savings account.
What is .........
Certificate of Deposit (CD)
400
The Fed uses this type of policy to influence money supply and interest rates.
What is .......
Monetary Policy
400
Refers to the increases in an amount of money because of the interest earned on the money.
What is .......
Time Value of Money
500
What is the name for number 13?
What is ....
Signature Line
500
Cashier's check is a check guaranteed by the bank and drawn on the bank's own funds.
What is .......
True
500
Shown as a percentage, this number tells you how much interest you'll actually earn in a year on savings.
What is .........
Annual Percentage Yield (APY)
500
This word describes how easily you can turn your money or assets into cash you can use right away.
What is ........
Liquidity
500
The Fed sets this percentage requirement for how much money banks must keep on hand.
What is ........
Reserve Requirement
500
Writing "for deposit only"and signing the back of a check is an example of this type of endorsement. (Hint: this can be very limited).
What is ........
Restricted Endorsement