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Credit
Loans
Certificates
.
Banking
Investing
100

What card would you use your own funds to generate a credit line? 

Secured Credit Card

100

True or False. A unsecured loan requires some sort of collateral to fund the loan? 

False. An unsecured loan is a loan that does not require collateral

100

What type of rate does a 6 month cd have? Fixed or variable

Fixed

100

Do our ATMs charge a fee for our members? 

No, members are only charged a fee if they use another FI atm

100
True or False. Investing early with less money will make you more money than investing at a later age with more money to invest.
True.
200

What is the due date for all credit cards?

17th

200

For a loan first payment, how many days can a member go before they have to make their first payment? 

Up to 45 days

200

What type of certificate has a fixed rate but can accept additional deposits? 

Access cd

200

At Fortera how many of our branches offer shared branching? 

3 Tiny Town, Clinic and Life

200
In our example, who made more money investing? Ben or Arthur?
Ben, making $2,288,996
300

how many credit card products do we offer at Fortera? 

5 World, Select, Power, Core and Business

300

True or False. Fortera has no limit on unsecured loans? 

False. We have a limit of $40k

300

What does CD stand for? 

Certificate of deposit

300

all of our branches are full service on Saturdays true or false

false

300
Which of the following is NOT a risk free investment A.) Savings Account B.) Certificate of Deposit C.) Money Market Account D.) None of the above
D.) None of the above: they are all risk free investments
400
What is the fee for all balance transfers and cash advances? 

3%

400

What is the highest interest rate Fortera charges? 

18%

400

All certificates have a penalty free withdrawal! True or false

False

400

in Clarksville, how many branch locations does Fortera have? 

5

400
A game of chance for money is called what?
Gambling. Gambling and Investing are not the same. Gambling has to do with chance, while Investing involves intellect and strategy.
500

On the World credit card, what is the minimum credit score to qualify? 

720

500

True or False. A home equity line of credit does not expire? 

False, a heloc is good for 10 years

500

What is the early withdrawal penalty on a 12 month cd or less? 

The equivalent of 90 days of dividends

500

Taking out more money than what you have in your bank account is called what?

Over drafting or courtesy pay

500
From our example, at what age did Arthur start investing? A.) 25 B.) 27 C.) 29 D.) 31
B.) 27