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Banking Jeopardy
Double Jeopardy
BankingTerms
100
200
300
400
500
ElectronicBanking
100
200
300
400
500
SavingsAccounts
100
200
300
400
500
Signing a Check
100
200
300
400
500
Banking Terms – 100
A written order of a bank depositor upon a bank to pay a certain amount on demand to a
specific party
Check
Banking Terms – 200
A cash substitute for vacationing that is issued against loss or theft
and that is sold by a bank
Traveler's Checks
Banking Terms – 300
Credit Union
A depository institution owned by its members and organized
for their benefit
Banking Terms – 400
A depository institution that offers a full range of services such as checking, savings, and lending
Commercial Bank
Banking Terms – 500
Tells how much interest a financial institution would pay on
$100 for one year
Annual Percentage Yield (APY)
Electronic Banking – 100
When your paycheck is put into your checking account
automatically
Direct Deposit
Electronic Banking - 200
A monthly payment or bill that comes directly out of your account
Automatic Payment
Electronic Banking– 300
The actual card used to access an ATM machine
Debit Card
Electronic Banking– 400
A computer terminal that lets you withdraw cash from your account, make deposits, and
transfer money
ATM
Prepaid cards that you can spend for long-distance calls,
store gift certificates, etc.
Stored Value Cards
Electronic Banking – 500Daily Double!
Savings Accounts – 100
Regular savings accounts are often referred to as this
Passbook savings or time deposits
Savings Accounts– 200
A time deposit that requires you to leave your money in a financial
institution for a set period of time (1 month, 3 months, 6 months, 1 year, etc.) If you withdrawal before that
time, you receive a penalty. CD
(Certificate of Deposit)
Savings Accounts– 300
Like a savings and checking account combined. Pays better
interest than a regular savings, but allows you to write 3 checks each
month. A higher balance is required.
Money Market
Savings Accounts– 400
If you purchase a savings bond for $25, what will its face value be when it reaches maturity?
$50
Savings Accounts– 500
What is an advantage to purchasing a CD?
Better interest than a savings account
Low risk compared to stocks
Signing a Check – 100
The proper term for signature
Endorsement
Signing a Check– 200
The type of endorsement that is just your signature
Blank Endorsement
Signing a Check– 300
The type of endorsement you use when you send a check
through the mail to be deposited
Restrictive Endorsement
Signing a Check – 400Daily Double!
Special (full)
The type of endorsement you use when you want to transfer a check
over to another party
Signing a Check– 500
If you are using a special endorsement, what do you write
on the bank of the check?
Pay to the order of
Their signature
Your signature
Banking Jeopardy
Final Jeopardy
Checking
200
400
600
800
1000
Deposits
200
400
600
800
1000
BalancingYour Checkbook
200
400
600
800
1000
BankingMath
200
400
600
800
1000
DOUBLE JEAOPARDY
Checking – 200
A small booklet that you use to record the activity in
your checking account
Check Register
Checking– 400Daily Double!
Joint Account
If you open a checking account with another person,
what type of account is it?
Checking– 600
If a joint account is set up as an “and” account, can one person sign the check or do both people
have to sign it?
Both
Checking – 800
21-99
Which numbers have hyphenswhen you write them in
words on a check
Checking– 1000
List all the items you fill in when writing a check
Date, Who you are paying, Amount in
figures and words, Your signature, memo
Deposits – 200
Insures each bank account up to $100,000
FDIC
Federal Deposit
Insurance Corporation
Deposits– 400
CoinCurrencyChecks
When completing a deposit slip,what three categories are the
deposits divided into?
Deposits– 600
What you need to remember to do when you are asking for cash back from a deposit slip
Sign the slip
Deposits – 800
Bank routing number
On a check, what is the number in the
top right corner below the check number?
Deposits– 1000
List the four ways to list a check on a deposit slip
Check numberPayee’s name
State bank is locatedBank routing number
Balancing Your Checkbook – 200
What six types of checking transactions are listed on your
bank statement?
Checks, ATM’s,Deposits, Auto PaymentsService Charge, Interest
Balancing Your Checkbook– 400
Stop
Payment
A request that a bank not cash a particular check
Balancing Your Checkbook– 600
Checks and deposits that have not cleared the bank
Outstanding
Balancing Your Checkbook – 800
Reconciling
The proper term for balancing your check register with your
bank statement
Balancing Your Checkbook– 1000
What do you add and subtract from your check register when
reconciling?
Add the interest
Subtract service charges
Banking Math – 200
Round .3972 to
2 decimal places
.40
Banking Math– 400
32.40 * .05 = $1.62
32.40 + 1.62 = $34.02
If you buy something for $32.40 and the sales tax is 5%,
what is the total of your purchase?
Banking Math– 600
If a bank loans you $1,500 for one year at 7.5% interest, how much
would you have to repay?
1500 * .075 = 112.50
1500 + 112.50 = $1,612.50
Banking Math – 800
1,500 X .075 = 112.50
1500 + 112.50 = $1,612.50
1,612.50/12 =
$134.38
What would your total monthly payment be on a one year $1,500
loan at 7.5% interest?
Banking Math– 1000
If you deposit $100 at 5% interest, how much will you
have after 4 months?(100 * .05)/12 = .42
(100.42 * .05)/12 = .42(100.84 * .05)/12 = .42(101.26 * .05)/12 = .42
$101.68
Final Jeopardy
List the steps for reconciling
your check register with the
bank statement (Parts A & B).
1. Determine whether any deposits are not on the bank statement (add these in)
2. List all outstanding deposits in order on the back of the bank statement and total them up (subtract the total)
