What is Grants, Scholarships, Loans, and Work-study funds.
What are the four sources of financial aid?
100
What is an ATM card.
What is any payment card issued by a financial institution that enables a customer to access and automated teller machine in order to perform transactions such as deposits, cash withdrawals, obtaining account information?
100
What is Fiat currency.
What is currency that a government has declared to be legal tender, but it is not backed by a physical commodity?
100
What is a Credit Union.
What is a user-owned, not-for-profit, cooperative financial institution?
100
What is Blank Endorsement.
What is an endorsement that consists of only the endorser's name?
200
What is a candidate displaying exceptional artistic or athletic success and skills.
what is an academic scholarship?
200
True
True/False: A printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account.
200
Where the money is coming from.
What are sources of income?
200
What is Savings and loan association (S&L)
Who specializes in savings accounts and making loans for home mortgages?
200
What is deposit slip.
What is a form on which you list all items you are depositing- currency, coins or checks?
300
Participating in community service as a high school student can be highly beneficial. Also serving for the community.
What is an community service scholarship?
300
What is Certified Check?
What is a check that is guaranteed by a bank?
300
What are Money Orders.
What is a printed order for payment of a specified sum, issued by a bank or post office?
300
False
True/False: The amount paid for the use of money is called investment?
300
True
True/ False: When two or more people have an account together it is called a Joint Account?
400
What is Federal Pell.
What are limited to students with financial need, who have not earned their first bachelor's degree, or who are enrolled in certain baccalaureate programs, through participating institutions?
400
What is Commercial Bank?
What is a bank that offers services to the general public and to the companies?
400
What is the role of the Treasury Department.
Define the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States?
400
What is Electronic funds transfer (EFT)
What is a system through which funds are moved electronically from one account to another and from one bank to another?
400
False
True/False: The bank's official record of your signature is called Sharedrafts?
500
What is Federal Supplement Education.
What is a federal assistance grant reserved for college students with the greatest need for financial aid to attend school?
500
A financial institution that specializes in providing loans directly to consumers who are unable to secure bank loans.
What is a Consumer Finance Company?
500
What is an exemption (aka allowance).
What is the amount of something that is permitted, especially within a set of regulations or for a specified purpose?
500
One key is kept by the owner of the box; the other key is in the possession of the bank.
What is the difference between the two keys required to open a Safe-deposit box?
500
What is convenience, Safety, Proof of payment, and a record of finances.
What are the four advantages of a checking account?