Jeopardy True/False Terms Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 FinalFinal Jeopardy Fin. Inst. Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500

$100 Question from True/False The Federal Reserve System supervises and regulates member banks—True or False?

$100 Answer to True/False What is True.

$200 Question from True/False A penalty is a fee the bank charges for handling a checking account -- True or False?

$200 Answer to True/False What is False.

$300 Question from True/False A credit card is used for ATM transactions --True or False?

$300 Answer to True/False What is False.

$400 Question from True/False A cease and desist order is written notice to the bank not to pay a check—True or False?

$400 Answer to True/False What is False.

$500 Question from True/False Electronic funds transfer uses technology for banking activities— True or False?

$500 Answer to True/False What is True.

$100 Question from True/False A certified check is a check that a bank draws on its own funds—True or False?

$100 Answer to True/False What is False.

$200 Question from True/False Banks offer safe-deposit boxes for the storage of valuables —True or False?

$200 Answer to True/False What is True.

$300 Question from True/False An endorsement is written evidence that you received payment—True or False?

$300 Answer to True/False What is True.

$400 Question from True/False Most banks charge a fee for each check written on a regular checking account—True or False.

$400 Answer to True/False What is False.

$500 Question from True/False Not even the bank has the right to open your safe deposit box—True or False?

$500 Answer to True/False What is True.

$100 Question from Terms It makes loans based on the value of some tangible object, such as jewelry.

$100 Answer to Terms What is a pawnshop?

$200 Question from Terms A prepaid card for items such as phone service.

$200 Answer to Terms What is a stored-value card?

$300 Question from Terms When two or more people have a bank account together.

$300 Answer to Terms What is a joint account?

$400 Question from Terms A separate book used for recording checking account activity.

$400 Answer to Terms What is a check register?

$500 Question from Terms Special forms for making payments when you are away from home.

$500 Answer to Terms What are traveler’s checks?

$100 Question from Terms A bank that offers a full range of financial services

$100 Answer to Terms What is commercial bank?

$200 Question from Terms A written notice telling the bank not to pay a certain check.

$200 Answer to Terms What is stop payment order?

$300 Question from Terms A device used for cash machine transactions.

$300 Answer to Terms What is a debit card?

$400 Question from Terms A secured area in a bank vault for storing valuables.

$400 Answer to Terms What is a safe-deposit box?

$500 Question from Terms Checks that have not been deducted from the bank statement balance.

$500 Answer to Terms What are outstanding checks?

$100 Question from Financial Institutions Frequently have branch offices in shopping centers and grocery stores.

$100 Answer to Financial Institutions What are Commercial Banks?

$200 Question from Financial Institutions Accept savings deposits and make loans to members only.

$200 Answer to Financial Institutions What are Credit Unions?

$300 Question from Financial Institutions Profits are distributed in proportion to the amount of business each participant does.

$300 Answer to Financial Institutions What are Mutual Savings Banks?

$400 Question from Financial Institutions Often described as full-service banks because they offer a wide range of services.

$400 Answer to Financial Institutions What are Commercial Banks?

$500 Question from Financial Institutions Traditionally specialized in savings accounts and loans for a home mortgages.

$500 Answer to Financial Institutions What are Savings and Loan Associations?

Final Jeopardy Question Almost what percentage of U.S. banks are FDIC members.

Final Jeopardy Answer What is 99%?