Show:
Banking I
Banking II
Banking III
Banking IV
Banking V
100
What are the two accounts you open at a bank?
Checking & Savings
100
This type of account is for money that you set aside for emergencies.
What is a savings account.
100
A paper instrument used to withdraw money from an account.
What is a check
100

What is a CD

What is a certificate of deposit, type of savings account with a fixed interest rate and term?

100

What is the maximum amount of money the FDIC insures per person?

What is $250,000?

200
The total amount of money in your bank account.
What is Balance
200
A machine provided by your bank that allows you to use your debit card in order to withdraw cash and deposit checks.
What is an Automated Teller Machine (ATM)
200
The practice of creating unauthorized copies of currency
What is counterfeiting
200
The fee or charge paid for the use of money.
What is Interest
200

Why do banks pay interest on deposits?


What is to encourage people to keep their money in the bank.

300
This type of account transaction increases the account balance.
What is a deposit
300

Name 3 types of bank fees.

Account Fees, ATM Fees, Overdraft Fees, Wire Transfer Fees

300
His face is on the $100 bill.
Who is Benjamin Franklin
300

This fee happens when you spend more than what is in your account. 


What is overdraft fee?

300

What is a direct deposit?


What is an automatic electronic deposit of net pay to an employee's desired bank account?



400
This type of account transaction decreases the account balance.
What is a withdrawl
400

How does putting your money in a bank benefit you? (2 reasons)

Protection: safer than in your wallet

Growth: earns interest

400

DAILY DOUBLE (2 minutes) List three expenses you would use your debit card for. (checking account to pay) List three expenses you would use your savings account for.

Debit -What is rent, food, electricity, daily expenses Credit - emergencies, large purchases, furniture, college, down payments, baby

400

Tom is saving up for a down payment on a pre-owned car, the cost will roughly be $2,000. Which kind of account would be best for her to open?


What is savings account?

400

What is an effective strategy for personal saving regarding your paycheck?


What is saving a certain percentage of each paycheck and depositing it directly into a savings account?

500
This type of account allows you to write checks and use debit cards.
What is a checking account
500

Your bank sends you this monthly to show all of your debit and credits for the month.

What is a Bank Statement.

500

Terry Smith just got a job and wants to find a financial institution that is non for profit and has low bank fees.  Which type of Institution is Terry going to open? 


What is a credit union?

500

These two monetary instruments withdraw money directly out of a checking account when used as a medium of exchange.

What is check and debit card.

500

What is compound interest?


What is interest calculated on the principal and accumulated interest?