What does overdraft protection help you avoid?

What is the purpose of a bank being insured by the Federal Deposit Insurance Corpoation (FDIC)?

You have invested $500 at 12 percent interest.  According to the Rule of 72, how soon will the money double in value? (72/% number)

What is the term for an employer to deposit pay into the employee's bank account instead of issuing a check.

Money added to a checking or savings account is called a(n)

Money deducted from a checking account and transferred electronically to another party is called a(n)

The FDIC does not insure

A tool used to track checks, withdrawals, deposits, and fees for your checking account is a

Writing "For Deposit Only" and then signing your name on the back of the check is a(n)

Which of the following can result in "bouncing" a check?

 What is an advantage of internet/online banking?

Interest earned on both principal and previously earned interest

An instruction to the bank NOT to honor a check that has been issued or lost or withdrawal of money from your account is a ...

A signature, with or without instructions, written on the back of a check

A formula for computing how long it will take to double money invested at a given rate

A type of check used to pay bills or make payments for which the money is guaranteed

Which of the following is the MOST liquid?

Brian didn't realize that he only had $58.42 in his checking account when he used his debit card to withdraw $75.00 for items he bought at Target.  Brian's bank still honored the transaction because he had this service on his account. What is that service called?

Penny received a check from her grandma for $100.  Penny forgot to cash the check and found it in her room five years later.  Penny is now not able to cash the check because it has been held for too long.  What is the name of this type of check?

What is the name of the check that serves as proof of payment for bills or purchases?

Jesse has $50,000 in his savings account.  If Jesse's bank goes out of business, he knows his money is protected by which government agency?

Max's checkbook register shows he has $295.65 in his checking account.  His bank statement shows he has $385.10 in his checking account.  What is the name of the process that Max needs to do in order to adjust his checkbook register and bank statement balances so that they agree?

What savings plan NORMALLY pays the LOWEST interest rate?

What is a disadvantage of using a mobile wallet?

Kila decided to open a regular savings account instead of a certificate of deposit (CD) because she wanted easy access to her funds without a penalty.  What is the name of this term that measures how quickly an asset can be turned into cash?

 Why should young people start saving their money early?

Which of the following is NOT a form of electronic banking?

Manny wrote a check for $50 but he only had $5 in his checking account. The bank REFUSED to cash the check since there was not enough money in the account to cover it.  What is the name for this type of check?

What is an advantage of using a mobile wallet?

Which of the following offers tax advantages if used for educational purposes?

Which compound interest method would be the BEST for your savings account (give you the most money)?

You have invested $500 at 8 percent interest.  According to the Rule of 72, how soon will the money double in value? (72/% number)