1. Saving at a depository institution Choosing Savings Tools
Powerpoint Jeopardy
Banking Terms
Saving at a depository institution
Checking Account
Basics
Choosing Savings Tools
Basics of Interest 10 20 30 40 50

2. A business that offers and sells financial services to people.
Category

3. Of depository institution
The most common type
Of depository institution
Category

4. Money put into an account

5. Money taken out of an account

6. A depository institution that is
Not for profit.

7. Give one example of a depository
Institution

8. Why might someone want to save
At a depository institution?

9. One way to save at a depository
Institution that has no minimum
Balance and you can remove
Your money at any time

10. One way to save at a depository
Institution that has a high interest
Rate but usually has a high minimum
Balance and limits the amount of times
You can take money out.

11. One way to save at a depository
Institution that is sold in set amounts
And cannot be removed for a
Specified time period.

12. True or False
A checking account is a very
Common type of account that
Offers safety and convenience

13. True or False
Most checking accounts do not
Pay interest

14. True or False
An individual can “bounce a check”
If he or she has sufficient funds in
Their account

15. True or False
Using a PIN is optional when using
A debit card

16. True or False
To open a checking account, an
Individual must complete a signature
Authorization card and make an
Initial deposit.

17. I have 150 dollars. I may need it
For emergencies.
Savings Account, Money Market,
Or Certificate of Deposit?

18. I have 3000 dollars. I may need it
For emergencies.
Savings Account, Money Market,
Or Certificate of Deposit?

19. I have 150 dollars. I will not need
It until this summer when I am
Paying to go to summer camp.
Savings Account, Money Market,
Or Certificate of Deposit?

20. I have 5000 dollars in my college
Savings fund.
Savings Account, Money Market,
Or Certificate of Deposit?

21. I have 500,000 dollars, and lots
More where that came from….
Savings Account, Money Market,
Or Certificate of Deposit?

22. If you are a saver, is interest
Good or Bad?

23. The ____________ the interest
Rate on your account, the better.

24. Which pays the most interest?
Interest earning checking account
Savings Account,
Money Market,
Or Certificate of Deposit?

25. Which pays the least interest?
Interest earning checking account
Savings Account,
Money Market,
Or Certificate of Deposit?

26. Interest is usually reported as a
_________________