Jobs
Who helps you deposit or withdraw cash at your local bank?
Teller
How do you withdraw or deposit money from the bank?
Teller transactions, debit card, or check
Give an example of a currency denomination
A proper description of a currency amount
Ex: 5-dollar bill
What is a loan?
A sum of money given to an individual that must be paid back over time
An account you would use if you want to keep money in the bank
Savings Account
Who helps customers with loan requests?
Loan Officer
A machine that you use to withdraw or deposit funds from your accounts
ATM
What is the current largest dollar bill denomination in US currency?
100 dollar bill
A loan on your house is called a ________
Mortgage
An account that you use for day-to-day transactions
Checking Account
Who is responsible for the safety of the bank's asset and makes sure that they follow all rules?
Risk Officers
What is a way that you could look at your bank accounts online?
Online banking through a website or app
What is the current highest denomination coin in US currency?
1 dollar coin AKA a silver or golden dollar
A percentage of the loan that is charged as interest to a borrower
Interest Rate
How old do you have to be to open your own bank account?
18
Who would open an account for you at the bank?
CSR or account officer
What is the difference between a debit and a credit card?
A debit card pulls from your checking account while a credit card pulls from a pool of available "credit"
What is a currency exchange?
Transferring one country's currency to another's at a set exchange rate
What is a credit score?
A number that shows the health of your credit history
What is a person called if they have access to an account?
Account owner or authorized user
Give me an example of a job you would NOT see at your local branch
Financial security, fraud security, underwriting, accounting, and more!
When you put money into stocks, retirement accounts, or other types of accounts that can make you more money
Investing
What organization backs the US dollar to give it value?
The US Government
What is the difference between a commercial and consumer loan?
A commercial loan is for a business while a consumer loan is for an individual
What is a certificate of deposit?
A type of account that locks in your money for a period of time and lets you earn interest on it