General Deposits
What do the initials CD stand for?
What is certificate of deposit
What does NCUA stand for?
What is National Credit Union Association.
What is Bill Pay on Home Banking.
A number you enter when using your debit card when you want to get cash back.
What is a PIN number.
A form of E-Currency only available online.
What is Bitcoin.
What are 4 types of Deposit Accounts?
What are Savings, Checking, Money Markets, and CD's.
The Central Bank of the United States that regulates banking products.
What is the Federal Reserve.
What do you have to do to the back of a check to release the funds.
What is endorsing a check.
Which type of loan is the most expensive to pay back?
What is a credit card.
Venmo is the safest way to transfer funds (T/F).
What is false?
Spending more money than you have in your account.
What is overdrafting.
What are 2 types of Financial Institutions that help safeguard our money?
What are Credit Unions and Banks.
How can you deposit checks without going to a bank or credit union?
What is using your phone to make an E-Deposit.
A loan that is paid back with monthly amortized payments.
What is an Installment Loan.
Electronic Currency is backed by the Federal Government (T/F).
What is False.
Which type of Deposit Account typically earns the highest rate of interest?
What are CD's.
The amount your combined accounts are insured for at each Financial Institution.
What is $250,000?
How long is a check good before it is stale-dated?
What is 6 months.
What is a Micro-chip.
The amount of money you need to deposit to open a Savings Account at most Credit Unions.
What is $5.00.
Employers set this up to put your paycheck into your account electronically.
What is Direct Deposit.
A temporary "hold" of $100 when you use your debit card to buy gas, hotels, or car rentals.
What is Pre-Authorization.
What are 2 places you can check on items coming through your checking account?
What are Phone Apps and Home Banking?
You are responsible for the payment of interest on this loan while you are in college.
What is a student loan.
What are two ways to open a Checking or Savings Account?
What is Online or In Person at a Bank or Credit Union.