2. To play click on circle Click to See Instructions

3. Checking Lingo Calculate That Checking It Out The Fed Game Future Worth 111111 222222 333333 444444 555555 Banking Terms

4. Back

5. 1 A sum of money set aside on which interest is paid. What is principal? Click for Answer

6. Back 2 A demand deposit that may have restrictions on how quickly or easily you can get your money. What is a savings account? Click for Answer

7. A time deposit for a fixed amount of time at a set rate of interest. Back 3 What is certificate of deposit (CD)? Click for Answer

8. Back 4 A discount bond issued by the federal government What is a U.S. savings bond? Click for Answer

9. A math formula that tells you how long it will take money earning interest at a certain rate to double. Back 5 What is the Rule of 72? Click for Answer

10. Back 1 The person to whom the check is written. Who is the payee? Click for Answer

11. Insures checking account deposits in bank up to $250,000 per depositor per bank. Back 2 What is the FDIC? Click for Answer

12. Back 3 A bank service that directs the bank not to honor a check you wrote or lost. What is a stop payment? Click for Answer

13. Back 4 What is an endorsement? Click for Answer A signature or instructions written on the back of a check.

14. Back 5 An account that may have restrictions such as how many check you may write or a minimum amount for each check. What is a money market account? Click for Answer

15. Back 1 A short-term loan on which the interest is usually VERY high. It is not a good way of managing your money. What is a payday loan? Click for Answer

16. Back 2 Money added to a checking or savings account. What is a deposit? Click for Answer

17. Back 3 Money deducted from a checking account and transferred electronically to another party. What is an automatic withdrawal? Click for Answer

18. Back 4 A tool used to track checks, withdrawals, deposits, and fees for your checking account. What is a checkbook register? Click for Answer

19. Back 5 What each person who is authorized to write checks on an account MUST complete before they may write a check. What is a signature card? Click for Answer

20. Interest earned on both principal and interest that was previously earned. Back 1 What is compound interest? Click for Answer

21. Back 2 How long it will take money to double when the interest rate is 12 percent. What is 6 years? Click for Answer

22. Back 3 The purchase price of a $100 savings bond. What is $50? Click for Answer

23. Back 4 The adjusted balance when the bank statement shows a balance of $935.12 and the check register shows a deposit in transit of $150 and outstanding checks of $542.79. What is $542.33? Click for Answer

24. Back 5 The maturity value of a $100 savings bond. *In other words: What will the value be of a savings bond after its earning period in the bank?* What is $100? Click for Answer

25. Back 1 A written order to a bank to pay the stated amount to the person or business named. What is a check? Click for Answer

26. Back 2 A type of check used to pay bills or make a payment for which the money is guaranteed. What is a money order? Click for Answer

27. Back 3 A check issued against bank funds What is a cashier’s check? Click for Answer

28. A check written with a date that will occur in the future. Back 4 What is a postdated check? Click for Answer

29. Back 5 A check that has been returned by the bank for non-sufficient funds. What is a bounced check? Click for Answer

30. Back 1 Actions of the Fed to influence money and credit conditions in the economy. What is monetary policy? Click for Answer

31. Back The rate at which banks can borrow money from the excess reserves of other banks. 2 What is the federal funds rate? Click for Answer

32. Back The rate banks are charged to borrow money from the Fed. 3 What is the discount rate? Click for Answer

33. The rate banks charge to their most creditworthy business customers. Back 4 What is the prime rate? Click for Answer

34. Back Seeks to provide the nation with safe, flexible, and stable monetary and financial systems. 5 What is the Federal Reserve System? Click for Answer

35. To Start: Click the circle on the “Personal Finance Jeopardy” introductory slide. The Game Board will appear with “lots” of music and animation. To Play: Carefully click any number of the Game Board. The number will turn blue after it has been chosen. The corresponding question will appear. If you don’t quite hit the number, it will not turn blue. Remind the students to phrase their answer as a question. Click to see next slide.

36. “Click for Answer” will produce the answer. “Back” will take you to the Game Board. “Double Jeopardy” is Orange 2. Click “Back” and the question will appear. Give double points for the correct Double Jeopardy answer. Click to Start Game