Podcast
Questions and Answers
Which government agency insures a single fund account for up to $250,000?
Which government agency insures a single fund account for up to $250,000?
- Federal Deposit Insurance Corporation (FDIC) (correct)
- Internal Revenue Service
- Federal Reserve
- Securities and Exchange Commission
What is one benefit of keeping money in a bank?
What is one benefit of keeping money in a bank?
- Difficulty in managing finances
- No opportunity to earn interest
- Higher risk of theft or loss
- Easy access to funds (correct)
How can you make money with your money through banking?
How can you make money with your money through banking?
- By depositing funds into an account (correct)
- By keeping money in cash
- By withdrawing cash frequently
- By avoiding bank accounts
Which of the following is a benefit of having a checking account?
Which of the following is a benefit of having a checking account?
What is one common way to get a free checking account?
What is one common way to get a free checking account?
Which of the following fees may a bank charge for using an ATM owned by a different bank?
Which of the following fees may a bank charge for using an ATM owned by a different bank?
What is a prepaid card not tied to?
What is a prepaid card not tied to?
Which of the following is NOT one of the key aspects of electronic banking mentioned in the text?
Which of the following is NOT one of the key aspects of electronic banking mentioned in the text?
What is one advantage of direct depositing mentioned in the text?
What is one advantage of direct depositing mentioned in the text?
What can you do with mobile banking according to the text?
What can you do with mobile banking according to the text?
Is mobile banking secure according to the text?
Is mobile banking secure according to the text?
Flashcards
FDIC
FDIC
Insures single fund accounts up to $250,000.
Benefit of banking
Benefit of banking
Provides easy access to your money when you need it.
Making money with money (banking)
Making money with money (banking)
Earning interest on deposited funds and reinvesting.
Benefit of a checking account
Benefit of a checking account
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Free checking account
Free checking account
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ATM fees
ATM fees
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Prepaid card
Prepaid card
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Advantage of direct deposit
Advantage of direct deposit
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Mobile banking security
Mobile banking security
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