y=mx+b

Banking Vocab:

100

All of these are common banking fees, Except...

Overdraft fee

Account Opening fee

Insufficient fund fee

ATM fee

What is Account opening fee

200

Which option correctly matches the fee with its average cost?

Overdraft fee - $50

ATM fee - $35

Monthly maintenance fee - $50

Overdraft fee - $35

Overdraft fee - $35

300

Which of these bank alerts will help protect you from overdrafting your account?

Unusual activity alert

Low balance alert

Debit card alert

Profile change alert

Low balance alert

400

Your bank statement includes all of the following information, EXCEPT...

Debits and credits on your account

Your credit score

The statement period

Any fees charged by the bank

Your credit score

500

Consumers utilize mobile banking mostly for which activity?

Making international transfers

Paying bills

Inquiring about their account balance

Updating their account settings

Inquiring about their account balance

Why Bank?

100

Which of the following is a disadvantage of using a check casher, compared to a bank?

A. You wait longer to get your money at a check casher than at a bank

B. You pay a higher fee to cash checks at a check casher than at a bank

C. You can only cash checks worth more than $500 at a check casher

D. You can cash fewer checks at a check casher than at a bank

B. You pay a higher fee to cash checks at a check casher than at a bank

200

Your friend Sam tells you about opening his new checking account. “I’m so glad they only had a minimum opening amount of $50! I will leave my money in there so it can grow!” What is some advice you might give to Sam?

1. A checking account isn’t very safe, so you should hide your money in your mattress instead
2. A checking account is the best place to leave your money because of the high interest rates
3. A checking account won't grow your money much because of low interest rates and fees
4. A checking account won’t be good because it will be difficult to get your money into and out of

3. A checking account won't grow your money much because of low interest rates and fees

300

Which of the following is a way you can get money out of your checking account?

1. Using your credit card to get cashback at a supermarket
2. Withdrawing cash using an ATM
3. Depositing a check at a bank branch
4. Having your paycheck deposited electronically

2. Withdrawing cash using an ATM

400

Joe is hesitant to set up online bill pay with his credit union account. All of these are benefits of online bill pay you could share with him EXCEPT...

1. Online bill pay can help you meet your payment deadline
2. You can pay electronically or still have a paper check sent instead
3. It takes a bit of time to set up initially, but it could save you time in the long run
4. Banks require that you have a large account balance in order to use bill pay

4 Banks require that you have a large account balance in order to use bill pay

500

All of the following are benefits of having a checking account, EXCEPT…

1. You can pay bills, check your balance, and transfer money using mobile banking
2. You can track your finances using alerts, statements, and online banking
3. You can earn a high interest rate on the money in your account
4. You can have your paycheck deposited automatically into your account

3. You can earn a high interest rate on the money in your account

Money Safety 101

100

Isabella notices her bank statement includes a $25.72 charge from Shell Gas that she does not remember making. She should do all of the following, EXCEPT...

1. Set up text alerts, so she will be notified of potentially fraudulent charges in the future
2. Contact the bank immediately, so they can investigate the charge
3. Review her receipts and the details of the transaction, so she can confirm if the charge is real
4. Wait for the bank to contact her, so she has the complete fraud report before responding

4. Wait for the bank to contact her, so she has the complete fraud report before responding

200

All of these are tips to be safe with online banking EXCEPT...

1. Use strong passwords and different ones for each account
2. Don’t use any part of your Social Security number as a password
3. Keep your browser and computer or mobile device up to date
4. Make sure you carry a written password as a backup

4. Make sure you carry a written password as a backup

300

Person-to-person payments are becoming more popular, so it’s a good idea to understand how they work. Which of the following is TRUE?

1. To use a person-to-person payment, both people must have a checking account at the same bank branch
2. Paying a cashier using your debit card is an example of a person-to-person payment because you’re both physically in the same location
3. Each transaction with a person-to-person payment app typically has large fees attached, so you should use them sparingly
4. Person-to-person payments are usually conducted using a smartphone app rather than a computer. The safest P2P transactions happen when you know the person you're sending money to.

4. Person-to-person payments are usually conducted using a smartphone app rather than a computer. The safest P2P transactions happen when you know the person you're sending money to.

400

What is NOT an example of unusual activity?

1. You live in Oregon and see transactions happening in Texas
2. You see the transaction for Dutch Bros you made this morning
3. You see $10,000 has been transferred out of your account 
4. You see 15 transactions of 1.00 that show a time frame between 3 a.m. and 4 a.m

2. You see the transaction for Dutch Bros you made this morning

500

What is an example of a profile alert?

1. Your bank emails you to invite you to a new location's grand opening
2. You get a text that says your paycheck has been deposited
3. You get an email asking if you have recently updated your address on the bank's website
4. The bank is running a promotion; if you follow their Facebook profile, you will be entered to win a prize!

3. You get an email asking if you have recently updated your address on the bank's website

Graph or Equation

100

What is the type of slope for these lines?

What is positive?

200

What is the equation?

y=-2x+2

300

What is the equation of a line parallel to the line shown, with a y-intercept of -1?

y=2x-1

400

What is the equation of the line that goes through the points 

(0, -2) 

(1, 1)

(2, 4)

(3, 7)

What is y = 3x -2?

500

What is the equation of the line that goes through the points

(-3,0) and (0,2)?

What is y = 2/3x + 2?

y=mx+b

100

14. Liam accidentally charged more on his debit card than he had in his checking account. His balance is now -$12.75. He is charged a $10 overdraft fee each day his account balance is below $0. He makes no other withdrawals or deposits.

y=-10x -12.75

200

Tom opened an account with $75 dollars from his birthday gifts and plans to put the $10 a week he gets for yard work into this account.

y=10x +75

300

An equation that represents the linear relationship between two sets of data, just like in the equation y=mx+b

A linear regression

400

Tim loves Hershey bars.  He has $50 to spend, and each Hershey bar costs $2.  Write an equation that models how many Hershey bars he can buy.

y = -2x + 50

500

Bob starts a savings account. He starts by putting $500 into the account and adds $100 every week.

Write an equation that represents the amount of money Bob will have after "x" weeks.

What is y = 100x + 500?