Money and Banking

Money of another country

• insurance

• refund

• bargain

• foreign currency

A special machine through which you can do bank transactions like withdrawing money. There may or may not be a fee involved.

• Cash dispenser

• Automated Teller Machine

• Cashpoint

• Electronic Fund Transfer

The most numerous kind of bank used by most people for checking accounts, savings accounts, and loans

• Savings and Loan

• Merchant bank

• Commercial or Retail bank

• Central bank

The coins and paper bills used as money in a society

• Prices

• Currency

• Bond

• Checks

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

A small plastic card that allows you to borrow money to make purchases which must be paid back, usually with interest.

• Debit card

• Credit card

• Cash card

• Gift Card

A special plastic card that allows you to purchase items using money from your checking account.

• Credit card

• Cash card

• Debit card

• Gift Card

Taking more money out of your bank account than you had in it.

• Loan

• Mortgage

• Debt

• Overdraft

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 agencies insure banks and credit unions?

• IRS and DHS

• DHS and FDIC

• FDIC and NCUA

• NCUA and FICA

_____________ is a bank that, among other things, can lend money to other banks.

• Congress

• Central Bank

• Department of the Interior

• National Bank