Banking Services

What is another name for a traditional bank?

• Brick and mortar
• Fort Knox
• Old school
• The money store

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What are the two main types of accounts at banks?

• checking and balancing
• checking and savings
• checking and debit
• savings and borrowing

Interest is a fee charged...

• by a lender to a borrower
• by a borrower to a lender
• by a bank for writing a check
• by a bank for making a deposit

With an electronic transfer, money is transferred from one account to another without

• record keeping
• overdraft protection
• service charges
• any check or cash involved

In banking, what does ATM stand for?

• Automatic To Money
• At The Moment
• Asynchronous Transfer Mode
• Automated Teller Machine

When your check clears the bank, it has...

• been processed and the money transferred out of your account
• been inspected  and determined to be free of forgery
• been guaranteed for payment by federal deposit insurance
• is eligible to be cashed at a credit union

If you write checks for more than you have in your checking account, your account...

• cannot have outstanding transactions
• will be overdrawn
• will be automatically reconciled
• does not meet credit union regulations

A direct deposit...

• cannot be paid by credit unions
• cannont be expressed as a percentage 
• is another name for compound interest
• goes to your account without using a check

Adding money to your account is called a...

• credit
• deposit
• debit
• withdrawl

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

• registered amount
• balance
• deposited amount
• statement