Career 2

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Which of the following is an electronic banking service?

ATM banking machine

Cornelius is 17 years old. Can he open a checking account in Alabama?

Yes, if a person 19 or older is also on the account

Which of the following best describes your web browser cache?

a temporary file that stores passwords and browsing history

A financial institution that handles money, including keeping it safe for saving or commercial purposes.

bank

If you don't have a traditional bank account and you need money from a check, you may visit this financial institution, where they will happily help you, for a fee.

check cashing service

Which of the following is NOT a savings account service?

checking account

Card linked to a checking account that can be used to withdraw money at an ATM or to make purchases.

debit card

To put money into your account:

deposit

Which of the following is NOT an example of a loan service?

direct deposit

Which of the following accounts is it MOST crucial to have a strong password?

email account

List 5 things you can do to minimize your exposure to identity theft.

essay

Using the visual below, explain how to fill out a check for $20.00 to Papa John's Pizza.

essay

When writing a check amount, the most important thing to get right are the numerals. It's not as important to get the wording correct as long as the teller knows what you meant to write.

false

Credit unions usually pay a ____________ interest rate on savings accounts and a ________ interest rate on loans than banks.

higher; lower

Which of the following is a payment service?

internet banking

A financial institution that specializes in helping people get a loan to purchase a house.

mortgage company

Which of the following is not a typical fee charged by a bank or credit union?

notary public fee

This type of financial institution has come under fire recently for targeting the poor and most vulnerable people in society with extremely high interest rates.

payday lender

If data is encrypted that means it is:

secure

Which of the following is true about firewalls?

they are designed to block unauthorized access while permitting outgoing communication

Why should you clear your web browser's cache frequently?

to make it more difficult for a thief to steal your identity if your computer is attacked

Banks are for-profit companies owned by shareholders, and credit unions are not-for-profit institutions owned by their customers.

true

Credit unions and banks provide similar types of financial services.

true

When you use a debit card, you give your bank permission to immediately remove money from your checking account.

true

Which of the following is NOT a strategy for avoiding fraud?

trust the sales person

Which of the following is NOT a way to avoid an overdraft charge?

visit a branch within two days to have the fee removed

To take money out of an account

withdraw

Who is responsible for keeping track of the balance in your checking account?

you

Which of the following is NOT a component of a strong password?

your birth month

What is the amount the FDIC insures deposits in a bank or credit union?

250,000

Customers list the amounts of funds (such as cash or checks) they are depositing and include this slip with their deposit.

Deposit Slip


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