The best reason for depositing money in a bank or credit union savings account instead of keeping your money “under the mattress” is that

• It is insured.

• It earns interest.

• It is safer.

• It grows.

The central banking system in the United States.

• Federal Reserve

• The U.S. Treasury

• The Mint

• First National Bank of the U.S.

What is an ATM used for?

• Withdraw money

• Balance your checkbook

• Order checks

• Write checks

The law that allows for electronic images of checks to be transmitted for processing in place of paper checks is

• Check 21

• Truth in Lending Law

• Murphy's Law

• Equal Opportunity Banking Law

Which of the following services will you NOT be able to access while banking online?

• Withdraw cash

• Transfer funds

• Deposit checks

• Order checks

What is the difference in a bank and a credit union?

• Credit unions are member owned.

• Banks are non-profit

• Credit unions are for profit

• Banks deal with less cash than credit unions.

Which business charges large fees to cash payroll and government checks to people who do not have a bank account?

• Check Cashing Centers

• Title Loan Centers

• Rent-a-Center

• Credit Unions

What is money placed in a checking account called?

• Demand deposits

• Cash advance

• Investments

• Bonds

What should you include when you are writing a check?

• Date, Payee, Amount, and Signature

• Amount, Payee, Signature, check number

• Endorsement, Amount, Signature

• Date, Amount, Signature

What are direct deposit, electronic funds transfers, and automatic monthly payments features of?

• Electronic banking

• Check 21

• Functions of the Federal Reserve

• Pay yourself first