Financial Services 1

• ATM

• Bank

• Chequing Account

• Deposit

• Withdraw

• Balance

• Withdraw

• Deposit

• Pay Bills

What does the FDIC do?

• Pays you interest in your checking account

• Protects your money should the bank be robbed

• Loan you money based on your credit score

• Takes your money and doesn't give it back

What type of card allows you to withdraw money you have in your bank account?

• Credit Card

• Debit Card

• Bank Card

• ID Card

If you write a check and your account does not have enough to cover it, this is called?

• Voided Check

• Bounced Check

• Cashier's Check

• Returned Check

The central bank of the United States that provides financial services to commercial banks and the government?

• Bank of NY

• The Treasurer

• The Federal Reserve

• The U.S. Mint

If you withdraw more money than you have in your checking account you might be charged

• An underdraft fee
• an overdraft fee
• a check cashing fee
• with a small loan fee

Monthly report that states your transactions and balance

• WALL STREET JOURNAL
• BANK STATEMENT
• SCHOOL STATEMENT
• CHECKING REPORT

True or False: A credit card and debit card are the same thing

• True

• False