Financial Institutions
Checking Accounts
Savings Accounts
Random
100
Who does a commercial bank serve?
What is individuals, businesses, and government agencies
100
What happens when you write a check for a larger amount of money than you have in your account?
What is an overdraft?
100
What is the ability to take out your money on short notice?
What is liquidity?
100
What feature allows you to access your financial information 24 hours a day?
What is telephone banking?
200
What types of services do savings and loan associations offer?
What is savings accounts and loans for mortgages, or checking accounts that earn interest
200
What service allows you to obtain cash electronically?
What is an electronic funds transfer?
200
In what type of account is a pre-determinded amount deposited at specific times?
What is a club account?
200
What helps to keep track of transactions in your account?
What is a check register?
300
Who insures most credit unions?
What is the National Credit Union Administration (NCUA)
300
What type of checking account earns interest?
What is a share draft account?
300
What type of savings account has a penalty for withdrawing your money before the term ends?
What is a certificate of deposit?
300
Who insures depositors' accounts up to $100,000 thousand dollars each?
What is the FDIC?
400
What type of financial institution has low risk investments?
What is an investment company
400
What type of account allows you to earn interest and write checks?
What is a negotiable order of withdrawal (NOW) account
400
What type of savings account has a variable interest rate?
What is a money market deposit account?
400
What system allows you to make payments without using cash or checks?
What is electronic funds transfer?
500
What do financial supermarkets offer?
What is insurance, stock investments, and credit card service?
500
What type of checking account requires a monthly fee?
What is a budget account?
500
What type of savings account is most similar to a share account?
What is a regular savings account?
500
Where are ATMs found?
What is outside financial institutions, in grocery stores, and in shopping centers
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