Banking Review

Front

Which organization insures your money in a bank account?

Back

The FDIC

Front

What does it mean to PYF (Pay yourself first)?

Back

Save 20% of each check before spending money on anything else.

Front

Which of the following has the LEAST Liquidity: Cash, Checking Account, Savings Account, House, Retirement Account?

Back

Retirement Account

Front

Which of the following earns the most amount of interest? Principal Interest, Simple Interest, Compound Interest, Mortgages

Back

Compound Interest

Front

What is the major difference between a Credit Union and a Bank?

Back

Banks are for profit, credit unions are non-profit

Front

Which of these Financial Institutions charges the highest interest: Banks, Credit Unions, Pay Day Lenders, Walmart?

Back

Pay Day Lenders

Front

Which organization insures Credit Unions?

Back

NCUA

Front

What is one downside of using an ATM that isn't from your bank?

Back

You are charged a fee

Front

Which organizations lend money that are supposed to be paid back by your next paycheck? (Options: Bank, Credit Union, Title Loan, Payday Loan)

Back

Payday Loan

Front

_______ allows your employer to put your paycheck directly in your bank account

Back

Direct Deposit