Banking Jeopardy

1
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
2
Banking Terms 100A written order of a bank
depositor upon a bank to pay a certain amount on
demand to a specific party

• Check

3
Banking Terms 200A cash substitute for
vacationing that is issued against loss or theft
and that is sold by a bank

• Traveler's Checks

4
Banking Terms 300
A depository institution owned by its members
and organized for their benefit

• Credit Union

5
Banking Terms 400A depository institution
that offers a full range of services such as
checking, savings, and lending

• Commercial Bank

6
Banking Terms 500Tells how much interest a
financial institution would pay on 100 for one
year

• Annual Percentage Yield (APY)

7
Electronic Banking 100When your paycheck is
put into your checking account automatically

• Direct Deposit

8
Electronic Banking - 200A monthly payment or
bill that comes directly out of your account

• Automatic Payment

9
Electronic Banking 300The actual card used to
access an ATM machine

• Debit Card

10
Electronic Banking 400 A computer terminal
that lets you withdraw cash from your account,
make deposits, and transfer money

• ATM

11
Prepaid cards that you can spend for
long-distance calls, store gift certificates, etc.
Electronic Banking 500Daily Double!

• Stored Value Cards

12
Savings Accounts 100Regular savings accounts
are often referred to as this

• Passbook savings or time deposits

13
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)

14
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

15
Savings Accounts 400If you purchase a savings
bond for 25, what will its face value be when it
reaches maturity?

• 50

16
Savings Accounts 500What is an advantage to
purchasing a CD?

• Better interest than
• a savings account
• Low risk compared
• to stocks

17
Signing a Check 100The proper term for
signature

• Endorsement

18
Signing a Check 200The type of endorsement
that is just your signature

• Blank Endorsement

19
Signing a Check 300The type of endorsement you
use when you send a check through the mail to be
deposited

• Restrictive Endorsement

20
Signing a Check 400Daily Double!
The type of endorsement you use when you want to
transfer a check over to another party

• Special (full)

21
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

22
Banking Jeopardy
Balancing Your Checkbook
Banking Math
Checking
Deposits
200
200
200
200
400
400
400
400
600
600
600
600
800
800
800
800
1000
1000
1000
1000
DOUBLE JEAOPARDY
Final Jeopardy
23
Checking 200A small booklet that you use to
record the activity in your checking account

• Check Register

24
Checking 400Daily Double!
If you open a checking account with another
person, what type of account is it?

• Joint Account

25
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

26
Checking 800
Which numbers have hyphens when you write them in
words on a check

• 21-99

27
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

28
Deposits 200Insures each bank account up to
100,000

• FDIC
• Federal Deposit
• Insurance Corporation

29
Deposits 400
When completing a deposit slip, what three
categories are the deposits divided into?

• Coin
• Currency
• Checks

30
Deposits 600What you need to remember to do
when you are asking for cash back from a deposit
slip

• Sign the slip

31
Deposits 800
On a check, what is the number in the top right
corner below the check number?

• Bank routing number

32
Deposits 1000List the four ways to list a
check on a deposit slip

• Check number
• Payees name
• State bank is located
• Bank routing number

33
Balancing Your Checkbook 200What six types of
checking transactions are listed on your bank
statement?

• Checks, ATMs,
• Deposits, Auto Payments
• Service Charge, Interest

34
Balancing Your Checkbook 400
A request that a bank not cash a particular check

• Stop
• Payment

35
Balancing Your Checkbook 600Checks and
deposits that have not cleared the bank

• Outstanding

36
Balancing Your Checkbook 800
The proper term for balancing your check register
with your bank statement

• Reconciling

37
Balancing Your Checkbook 1000What do you add
and subtract from your check register when
reconciling?

• Add the interest
• Subtract service charges

38
Banking Math 200Round .3972 to 2 decimal
places

• .40

39
Banking Math 400
If you buy something for 32.40 and the sales
tax is 5, what is the total of your purchase?

• 32.40 .05 1.62
• 32.40 1.62 34.02

40
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

41
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

42
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

43
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)