Banking

Front

Who is more likely to be unbanked: Luna with a high credit score, Noah with a low income, Benjamin with a college degree, or Luna with a mortgage?

Back

Noah, who has a low income

Front

What magical power does overdraft protection grant Abigail when her coffee total is $15, but she only has $10 in her account?

Back

Allows her to complete the purchase even though she has less money in her account

Front

What is one fascinating difference between banks and credit unions?

Back

Banks are for-profit institutions, while credit unions are non-profit

Front

Abigail and Zoe are opening their first checking accounts. Which of the following is NOT something they need to bring along? Options: Proof of identity, Proof of address, Social security number, Minimum age requirement

Back

Minimum age requirement

Front

Imagine Ava and James are using P2P apps like Venmo. Which of the following is NOT a fun way they typically use these apps?

• Splitting dinner bills after a night out
• Paying their share of the rent or utilities
• Sending money to Grace for her birthday
• Investing in stocks

Back

Investing in stocks

Front

Anika, Elijah, and Avery are on a quest to find the perfect checking account for their college adventures. Which feature should they worry about the least? Options: Low or no monthly fees, Convenient ATM access, High interest rates, Online and mobile banking

Back

High interest rates

Front

Which statement about check registers is FALSE?

Back

They are no longer necessary with online banking

Front

Typical overdraft fee charged by a bank when spending exceeds account balance.

Back

$25

Front

What fun and smart ways can Ava and William use to protect their online and mobile banking accounts?

Back

Use strong and unique passwords, avoid using public Wi-Fi networks, regularly monitor their account activity.

Front

How can the bank reorder checks to maximize fees charged to James?

Back

Process the largest check first