Terms
How quickly and easily you can access your money.
What is liquidity?
A bank can help you ___ your money and keep it ___.
What is manage and safe?
For-profit financial institutions that accept deposits and offer a variety of deposit accounts and financial services.
What are retail banks?
With a ___ of Deposit, you have to pay a penalty for withdrawing your money early.
What is Certificate?
You should avoid any bank services that leads to ___.
What is debt?
This term means an account charge has not been fully processed yet.
What is pending?
A debit card, ATM access, payroll direct deposit, and checks are basic features of this type of banking account.
What is a checking account?
If you prefer great customer service and lower fees, you will prefer this type of facility.
What is a small, local bank?
A savings account is for ___-term savings goals.
What is long-term?
An easy way to avoid ending up with errors in your checking account is to simply monitor your account at least ___ a week.
What is twice?
When the bank doesn't allow you to open an account because you handled money poorly in the past and couldn't pass their financial background check.
What is blacklisted?
The FDIC and NCUA keep your money in the bank insured up to ___ per account.
What is $250,000?
With this type of bank, all of your deposits, transfers, and bill payments happen digitally, but it is often more difficult to get in touch with a real person when you need assistance.
What is online banking?
Some of the services banks offer include mortgages, check writing and ___ cards.
What are debit cards?
Verifying your bank's online account statements for accuracy is called ___.
What is reconciling your account?
When you spend more than you have in your account and the bank covers it, but you have to pay the money back with interest.
What is overdraft protection?
Banks invest their customers' deposited money and then earn ___, paying the customer a small amount of ___ on their accounts.
What is interest?
Non-profit financial institutions that are owned and operated by their members.
What is a credit union?
When deciding on the right bank, you should first decide on what type of bank you want and then what types of ___(s) you need.
What are accounts?
It is your responsibility to know about all of the services and ___ before choosing a bank.
What are fees?
People who have savings or checking accounts but still use alternative financial products and services.
What is underbanked?
True or False: People who are struggling with money often turn to alternative financial services like payday loans, but these services actually end up causing them to lose money.
What is True?
Provide market advice, explain regulations, and help businesses price and sell stocks or bonds to their investors.
What are investment banks?
As the owner of your account, managing your money is ___ responsibility.
What is your?
True or False: A debit card linked with your checking account is a good option for regular spending.
What is True?