Banking Flashcard

Front

Bank account where money earns interest, but less accessible than checking accounts.

Back

Savings Account

Front

Citi Bank is what kind of bank? Options: Savings & Loan, Credit Union, Commercial, Investment Firm

Back

Commercial

Front

What can a bank use your deposited money for? Personal loans, Auto loans, Mortgages, All of the above

Back

All of the above

Front

Which type of bank does NOT make a profit? Options: Commercial banks, Credit unions, Savings & Loan, Chase Manhattan Bank

Back

Credit unions

Front

Which type of bank account does not earn interest? Options: Savings, Certificate of deposit (CD’s), Money Market Account, Checking

Back

Checking

Front

Which of the following is a way that banks make money? Charging interest on a loan, Giving you interest on your deposits, Charging bank fees, Both blue and green

Back

Both blue and green

Front

The FDIC will insure up to how much of your money?

Back

250,000

Front

These banks that specialize in offering long term financing for homes and small businesses.

Back

Savings & loan banks

Front

Which type of account can you access by writing a check? Options: Savings, Stocks, Checking, Bonds

Back

Checking

Front

What causes a check to bounce?

Back

When there is not enough money in your checking account