Banking

What is one difference between Banks and Credit Unions?

• Banks have Checking accounts and Credit Unions have Savings Accounts
• Banks are for profit.  Credit Unions are Non-profit.
• Banks can give loans and Credit Unions cannot
• Credit Unions allow everyone to join and Banks are selective

What is the amount of money required to be stay in an account?

• Maximum Balance
• Minimum Balance
• Minimum Deposit
• Maximum Deposit

Tags

CCSS.7.EE.B.3

When writing a check, it is a good idea to use

• pencil

• erasable pen

• blue or black ink pen

• red pen

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Approximately how often does a financial institution send a bank statement through the mail?

• yearly

• weekly

• quarterly

• monthly

Tags

CCSS.6.RP.A.3B

Putting money into the bank is called a...

• deposit

• loan

• interest

• withdrawal

Tags

CCSS.4.MD.B.4

Taking money out of an account is called a...

• deposit

• loan

• interest

• withdrawal

The amount of money in your account is called the...

• balance

• final amount

• barter

• dividend

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Which of the following is not a characteristic of a SAVINGS ACCOUNT?

• Safe place to store money

• Owners can write checks from the money in the account

• Money is protected by Federal Insurance

• Money gains interest over time

• Great way to save for something you want or an emergency

An account you can deposit money into and then write checks or use debit card to withdraw money is known as a ____________________.

• Money Market

• Checking

• Savings

• ATM

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Which word below is defined as:

The cost required for something; the money spent on something

• Expenses

• Income

• Wants

• Teller

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C