Show:
Banking
Banks vs Credit Unions
Charities
Random
My Picks
100

T or F: Banks give money back to the members when they make money off giving loans

False

100

T or F: 

They are for profit businesses?

False

100

T or F: There are only a few types of charities

False, there are many types of chariites.

100

Money added to your account for keeping it in a savings account.
 

What is interest?

100

How many months have 28 days?

Answer: What is all 12 months?

200

Money that the financial institution allows you to borrow. Must be paid back and typically with interest.

A loan

200

T or F: This insitution gives money back to the members when they make money off giving loans

True

200
Explain how to choose a good charity

75% of the money goes to the cause or less than 25% goes to the admin fees.

200

A fee charged when you spend more money than you have in your account.

Answer: What is an overdraft fee?

200

If you have me, you want to share me. If you share me, you don't have me. What am I?


Answer: What is a secret?

300

What three things do you need to open a checking account?

What is

Beginning deposit, Proof of residence/ID, Social Security

300

Which type of financial institution has the most locations?

What is COMMERCIAL BANKS

300
T or F: 


There are negative mental health effects from giving charitable donations

False, there are generally positive effects.

300

Credit union deposits are insured by this federal agency.

Answer: What is the NCUA?

300

A plane crashes on the border of Georgia and Florida. Where do they bury the survivors?


Answer: Nowhere—you don't bury survivors.

400

T or F: This is a for-profit business

True

400

Do banks charge more or less fees than credit unions?

Typically more

400

Bonus:

Tell me a time you gave to a charity. If you haven't tell me a charity you were interested in today.

N/A

400

This document lists a student's classes and grades and is often required for scholarship applications.

Answer: What is a transcript?

400

What can you catch but not throw?

A cold

500

This organization insures the money in Commercial and Online banks?

What is the FDIC

500

Which one typically has more locations?

Banks

500

Money given to a charity may qualify for this on income taxes.
Answer: What is a tax deduction?

Answer: What is a tax deduction?

500

What is the difference between a need-based scholarship and a merit-based scholarship?

Need-based is based on financial need; merit-based is based on achievement.

500

A farmer has 17 sheep. All but 9 run away.


Answer: What is 9?