Banking jeopardy
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Banking Jeopardy. Banking Terms. Signing a Check. Electronic Banking. Savings Accounts. 100. 100. 100. 100. 200. 200. 200. 200. 300. 300. 300. 300. 400. 400. 400. 400. 500. 500. 500. 500. Double Jeopardy.

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Banking Jeopardy

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Banking jeopardy

Banking Jeopardy

Banking

Terms

Signing a

Check

Electronic

Banking

Savings

Accounts

100

100

100

100

200

200

200

200

300

300

300

300

400

400

400

400

500

500

500

500

Double Jeopardy


Banking jeopardy

Banking Terms – 100A written order of a bank depositor upon a bank to pay a certain amount on demand to a specific party

Check


Banking jeopardy

Banking Terms – 200A cash substitute for vacationing that is issued against loss or theft and that is sold by a bank

Traveler's Checks


Banking terms 300

Banking Terms – 300

A depository institution owned by its members and organized for their benefit

Credit Union


Banking jeopardy

Banking Terms – 400A depository institution that offers a full range of services such as checking, savings, and lending

Commercial Bank


Banking terms 500 tells how much interest a financial institution would pay on 100 for one year

Banking Terms – 500Tells how much interest a financial institution would pay on $100 for one year

Annual Percentage Yield (APY)


Electronic banking 100 when your paycheck is put into your checking account automatically

Electronic Banking – 100When your paycheck is put into your checking account automatically

Direct Deposit


Electronic banking 200 a monthly payment or bill that comes directly out of your account

Electronic Banking - 200A monthly payment or bill that comes directly out of your account

Automatic Payment


Electronic banking 300 the actual card used to access an atm machine

Electronic Banking– 300The actual card used to access an ATM machine

Debit Card


Banking jeopardy

Electronic Banking– 400A computer terminal that lets you withdraw cash from your account, make deposits, and transfer money

ATM


Prepaid cards that you can spend for long distance calls store gift certificates etc

Electronic Banking – 500Daily Double!

Prepaid cards that you can spend for long-distance calls, store gift certificates, etc.

Stored Value Cards


Savings accounts 100 regular savings accounts are often referred to as this

Savings Accounts – 100Regular savings accounts are often referred to as this

Passbook savings or time deposits


Cd certificate of deposit

Savings Accounts– 200A time deposit that requires you to leave your money in a financial institution for a set period of time (1 month, 3 months, 6 months, 1 year, etc.) If you withdrawal before that time, you receive a penalty.

CD

(Certificate of Deposit)


Money market

Savings Accounts– 300Like a savings and checking account combined. Pays better interest than a regular savings, but allows you to write 3 checks each month. A higher balance is required.

Money Market


Banking jeopardy

Savings Accounts– 400If you purchase a savings bond for $25, what will its face value be when it reaches maturity?

$50


Savings accounts 500 what is an advantage to purchasing a cd

Savings Accounts– 500What is an advantage to purchasing a CD?

Better interest than

a savings account

Low risk compared

to stocks


Signing a check 100 the proper term for signature

Signing a Check – 100The proper term for signature

Endorsement


Signing a check 200 the type of endorsement that is just your signature

Signing a Check– 200The type of endorsement that is just your signature

Blank Endorsement


Banking jeopardy

Signing a Check– 300The type of endorsement you use when you send a check through the mail to be deposited

Restrictive Endorsement


Signing a check 400 daily double

The type of endorsement you use

when you want to transfer a check

over to another party

Signing a Check – 400Daily Double!

Special (full)


Banking jeopardy

Signing a Check– 500If you are using a special endorsement, what do you write on the bank of the check?

Pay to the order of

Their signature

Your signature


Banking jeopardy1

Banking Jeopardy

Balancing

Your Checkbook

Banking

Math

Deposits

Checking

200

200

200

200

400

400

400

400

600

600

600

600

800

800

800

800

1000

1000

1000

1000

DOUBLE JEAOPARDY

Final Jeopardy


Checking 200 a small booklet that you use to record the activity in your checking account

Checking – 200A small booklet that you use to record the activity in your checking account

Check Register


Checking 400 daily double

Checking– 400Daily Double!

If you open a checking account

with another person,

what type of account is it?

Joint Account


Banking jeopardy

Checking– 600If a joint account is set up as an “and” account, can one person sign the check or do both people have to sign it?

Both


Checking 800

Checking – 800

Which numbers have hyphens

when you write them in

words on a check

21-99


Checking 1000 list all the items you fill in when writing a check

Checking– 1000List all the items you fill in when writing a check

Date, Who you are paying, Amount in figures and words, Your signature, memo


Deposits 200 insures each bank account up to 100 000

Deposits – 200Insures each bank account up to $100,000

FDIC

Federal Deposit

Insurance Corporation


Deposits 400

Deposits– 400

When completing a deposit slip,

what three categories are the

deposits divided into?

Coin

Currency

Checks


Deposits 600 what you need to remember to do when you are asking for cash back from a deposit slip

Deposits– 600What you need to remember to do when you are asking for cash back from a deposit slip

Sign the slip


Deposits 800

Deposits – 800

On a check, what is the number in the

top right corner below the

check number?

Bank routing number


Deposits 1000 list the four ways to list a check on a deposit slip

Deposits– 1000List the four ways to list a check on a deposit slip

Check number

Payee’s name

State bank is located

Bank routing number


Banking jeopardy

Balancing Your Checkbook – 200What six types of checking transactions are listed on your bank statement?

Checks, ATM’s,

Deposits, Auto Payments

Service Charge, Interest


Balancing your checkbook 400

Balancing Your Checkbook– 400

A request that a bank not

cash a particular check

Stop

Payment


Balancing your checkbook 600 checks and deposits that have not cleared the bank

Balancing Your Checkbook– 600Checks and deposits that have not cleared the bank

Outstanding


Balancing your checkbook 800

Balancing Your Checkbook – 800

The proper term for balancing your check register with your bank statement

Reconciling


Banking jeopardy

Balancing Your Checkbook– 1000What do you add and subtract from your check register when reconciling?

Add the interest

Subtract service charges


Banking math 200 round 3972 to 2 decimal places

Banking Math – 200Round .3972 to 2 decimal places

.40


Banking math 400

If you buy something for $32.40

and the sales tax is 5%,

what is the total of your purchase?

Banking Math– 400

32.40 * .05 = $1.62

32.40 + 1.62 = $34.02


Banking jeopardy

Banking Math– 600If a bank loans you $1,500 for one year at 7.5% interest, how much would you have to repay?

1500 * .075 = 112.50

1500 + 112.50 = $1,612.50


Banking math 800

Banking Math – 800

What would your total monthly payment be on a one year $1,500 loan at 7.5% interest?

1,500 X .075 = 112.50

1500 + 112.50 = $1,612.50

1,612.50/12 =

$134.38


Banking math 1000 if you deposit 100 at 5 interest how much will you have after 4 months

Banking Math– 1000If you deposit $100 at 5% interest, how much will you have after 4 months?

(100 * .05)/12 = .42

(100.42 * .05)/12 = .42

(100.84 * .05)/12 = .42

(101.26 * .05)/12 = .42

$101.68


Final jeopardy

Final Jeopardy

List the steps for reconciling

your check register with the

bank statement (Parts A & B).

1. Determine whether any deposits are

not on the bank statement (add these in)

2. List all outstanding deposits in order on the

back of the bank statement and total them up

(subtract the total)


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