Banking Unit

_____ is a company engaged in the business of dealing with monetary (money) transactions; such as, loans, investments, and currency exchange.

• Financial Institution

• Commercial Bank

• Financial Banks

• Commercial Institution

Which of the following types of Financial Institutions has this unit mainly focused?

• Commercial Banks

• Savings & Loans Associations

• Credit Unions

• Brokerage Firms

What federal organization insures banks?

• FDCI

• FDOC

• FDIC

• FDDC

When you write a check it is automatically taken out of your checking account?

• True

• False

Which of the following ways you can deposit into your account.

• Direct Deposit

• Online Deposit

• Deposit Slip

• Mail the check into the bank

• Writing a check

Which of the following situations would we sign the deposit slip?

• Deposit Checks

• Deposit Cash

• When you deposit amounts over $100

• When you are taking cash out of the deposit

What does the bank send you at the end of the month?

• Bill

• Bank Statement

• Extra Money

• Junk Mail

_____ is a written order to a bank to pay a stated amount to the specified recipient.

• Cash

• Payment Order

• Check

• Credit Card

_____ is money added to a checking or savings account.

• Withdraw

• Check

• Put in money

• Deposit

Which of the following should you do when writing a check?

• Use a pen

• Use a pencil

• Write legibly

• Just sign a check and hand it over

• Write VOID across the check if you mess up