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 Terms – 100A written order of a bank depositor upon a bank to pay a certain amount on demand to a specific party
Banking Terms – 200A cash substitute for vacationing that is issued against loss or theft and that is sold by a bank
Banking Terms – 300
A depository institution owned by its members and organized for their benefit
Banking Terms – 400A depository institution that offers a full range of services such as checking, savings, and lending
Banking Terms – 500Tells how much interest a financial institution would pay on $100 for one year
Annual Percentage Yield (APY)
Electronic Banking – 100When your paycheck is put into your checking account automatically
Electronic Banking - 200A monthly payment or bill that comes directly out of your account
Electronic Banking– 300The actual card used to access an ATM machine
Electronic Banking– 400A computer terminal that lets you withdraw cash from your account, make deposits, and transfer money
Electronic Banking – 500Daily Double!
Prepaid cards that you can spend for long-distance calls, store gift certificates, etc.
Stored Value Cards
Savings Accounts – 100Regular savings accounts are often referred to as this
Passbook savings or time deposits
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.
(Certificate of Deposit)
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.
Savings Accounts– 400If you purchase a savings bond for $25, what will its face value be when it reaches maturity?
Savings Accounts– 500What is an advantage to purchasing a CD?
Better interest than
a savings account
Low risk compared
Signing a Check – 100The proper term for signature
Signing a Check– 200The type of endorsement that is just your signature
Signing a Check– 300The type of endorsement you use when you send a check through the mail to be deposited
The type of endorsement you use
when you want to transfer a check
over to another party
Signing a Check – 400Daily Double!
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
Checking – 200A small booklet that you use to record the activity in your checking account
Checking– 400Daily Double!
If you open a checking account
with another person,
what type of account is it?
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?
Checking – 800
Which numbers have hyphens
when you write them in
words on 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 – 200Insures each bank account up to $100,000
When completing a deposit slip,
what three categories are the
deposits divided into?
Deposits– 600What you need to remember to do when you are asking for cash back from a deposit slip
Sign the slip
Deposits – 800
On a check, what is the number in the
top right corner below the
Bank routing number
Deposits– 1000List the four ways to list a check on a deposit slip
State bank is located
Bank routing number
Balancing Your Checkbook – 200What six types of checking transactions are listed on your bank statement?
Deposits, Auto Payments
Service Charge, Interest
Balancing Your Checkbook– 400
A request that a bank not
cash a particular check
Balancing Your Checkbook– 600Checks and deposits that have not cleared the bank
Balancing Your Checkbook – 800
The proper term for balancing your check register with your bank statement
Balancing Your Checkbook– 1000What do you add and subtract from your check register when reconciling?
Add the interest
Subtract service charges
Banking Math – 200Round .3972 to 2 decimal places
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 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
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
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
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)