General
Differences between. .
Real Life Scenarios
Vocab
Misc.
100

What is a bank?

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

100

What does NCUA stand for?

What is National Credit Union Adminstration?

100

Tom is saving up for a down payment on a pre-owned car, the cost will roughly be $2,000. which kind of account would be best for her to open?

What is a savings account?

100

What is unbanked?

What is when someone doesn't have a bank account?

100

When your bank account is too low to cover your purchase but your savings can cover it? 

What is overdraft protection

200

Name 2 ways a person can use a bank.

What is Saving, borrowing, paying bill or managing money

200

What is the difference between a checking 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

200

Recently Debra has just received $100 for her birthday and instead of carrying it around, she decides to open an account just for random spending, which account should she open?

What is a checking account?

200

The main account where people can get easy access to their money.

What is Checking Account

200

A service offered by some banks in which money is immediately transferred from one person to another

What is P2P payments

300

Which of the following financial institutions typically have the highest fees?

Check cashing and payday loan companies

300

What is the difference between a deposit and a withdrawal?

Deposit Money placed in a bank account 

Withdrawal Taking money out of an account 

300

Jay is at Walmart, he is offered a 20% discount if he signs up for what type of card?

What is a Walmart credit card?

300

a specialized computer that allows you to complete bank transactions without the need to see a bank teller 

What is ATM?

300

This fee happens when you spend more than what is in your account. 

What is an Overdraft Fee?

400

What is a debit card

A card that can be used as cash where the money is transferred from your checking account

400

What is the difference between direct deposit and an overdraft

Direct deposit When money is automatically put in a bank account

Overdraft  A bank term that means you charged for money that you didn't have

400

Ruth had been in an accident that left her injured. Where can she go to access her banking information without leaving her house? 

What is an online bank

400

A plan for saving for the future by putting money aside before paying regular monthly bills

What is Saving?

400

Name four types of savings accounts we have talked about in class 

What is savings, money market, checking, certificate of deposit, online savings, savings bonds

500
How much are banks insured for per depositor account?

 What is $250,000.

500

What is the difference between a debit and a credit card?

A debit card only uses the money from the person's bank account.

A credit card uses the money in which a person borrowed from the place in which they received the card.

500

Terry Smith just got a job and wants to find a financial institution that is non for profit and has low bank fees.  Which type of Institution is Terry going to open? 

What is a Credit Union

500

What does FDIC stand for?

What is Federal Deposit Insurance Corporation.

500


The bank covers up to 3 of these transactions daily and charges you a fee each time to do so; and you owe the amount covered and the fees to the bank.

What is Overdraft Coverage

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