1. 7.2.G2 Electronic Banking Trivia

2. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Electronic Banking Trivia Home Banking & Trends ATM & Debit Cards Direct Deposit & Payments Smart & Stored- Value Cards Card Safety $100 $200 $300 $400 Final Trivia

3. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Home Banking & Trends-$100 Answer: The two ways to perform home-banking.

4. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Home Banking & Trends-$100 Question: What are a touch-tone phone and a computer with internet access?

5. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Home Banking & Trends-$200 Answer: The two items needed to log onto a home banking system.

6. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Home Banking & Trends-$200 Question: What are the account number and PIN?

7. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Home Banking & Trends-$300 Answer: Checking account balances, transferring money, changing PINs, using loan calculators, checking for verifications, and reporting lost or stolen ATM and debit cards can be done by this kind of banker.

8. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Home Banking & Trends-$300 Question: What is a home banker?

9. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Home Banking & Trends-$400 Answer: This allows checks to be transferred electronically and reduces almost all float time.

10. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Home Banking & Trends-$400 Question: What is Check 21? (or Check Clearing for the 21 st Century Act)

11. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman ATM & Debit Cards-$100 Answer: A charge up to $5.00 that may accompany an ATM withdrawal.

12. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman ATM & Debit Cards-$100 Question: What is an ATM transaction fee?

13. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman ATM & Debit Cards-$200 Answer: This may read a person’s face, fingerprint, or the eye’s iris to confirm identity instead of using a PIN.

14. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman ATM & Debit Cards-$200 Question: What is an ATM?

15. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman ATM & Debit Cards-$300 Answer: A synonym for a debit card.

16. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman ATM & Debit Cards-$300 Question: What is a check card?

17. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman ATM & Debit Cards-$400 Answer: This is how long it takes for money to be deducted from the account balance after being withdrawn from an ATM.

18. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman ATM & Debit Cards-$400 Question: What is immediately?

19. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Direct Deposit & Payments-$100 Answer: The document a consumer must sign, allowing companies to automatically deposit paychecks or benefit checks.

20. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Direct Deposit & Payments-$100 Question: What is an authorization form?

21. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Direct Deposit & Payments-$200 Answer: Direct deposits help protect a consumer against this.

22. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Direct Deposit & Payments-$200 Question: What is check fraud?

23. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Direct Deposit & Payments-$300 Answer: A method used to pay expenses such as mortgages, vehicle payments, phone bills, and utility bills by authorizing the money to be withdrawn from the specified bank account.

24. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Direct Deposit & Payments-$300 Question: What is a direct payment?

25. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Direct Deposit & Payments-$400 Answer: A consumer has this period of time to stop the authorization of direct payments.

26. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Direct Deposit & Payments-$400 Question: What is 3 days?

27. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Smart & Stored-Value Cards- $100 Answer: This is built into a smart card.

28. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Smart & Stored-Value Cards- $100 Question: What is a computer chip?

29. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Smart & Stored-Value Cards- $200 Answer: A feature of smart cards which makes it different from stored value cards.

30. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Smart & Stored-Value Cards- $200 Question: What is it can be re-loaded?

31. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Smart & Stored-Value Cards- $300 Answer: This is what happens to a value card after it runs out of funds.

32. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Smart & Stored-Value Cards- $300 Question: What is thrown away?

33. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Smart & Stored-Value Cards- $400 Answer: Store gift cards, phone cards, and one card systems are examples of this type of card.

34. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Smart & Stored-Value Cards- $400 Question: What are stored value cards?

35. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Card Safety-$100 Answer: In addition to a signature, this should be written on the back of a card.

36. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Card Safety-$100 Question: What is “See ID?”

37. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Card Safety-$200 Answer: After a transaction, keep this to compare to monthly account statements.

38. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Card Safety-$200 Question: What is a receipt?

39. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Card Safety-$300 Answer: The length of time in which a card should be reported lost or stolen.

40. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Card Safety-$300 Question: What is immediately?

41. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Card Safety-$400 Answer: Name two pieces of information which should be written and stored in a safe place separate from the card.

42. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Card Safety-$400 Question: What is the account number and the financial institution contact information?

43. 7.2.G2 Final Trivia

44. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Final Trivia Answer: A new and popular form of paying bills without sending a check in the mail.

45. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Trivia Funded by a grant from Take Charge America, Inc. to the Department of Health and Human Development at Montana State University – Bozeman Final Trivia Question: What is online bill payment?