5 Written Questions

1. Property pledged as security for performance of an obligation, such as a loan, mortgage loan
2. Occurs when an account cannot provide adequate funds to satisfy the demand of a payment.
3. Automatic transfer of salaries, wages, rents, benefits, or other such sums, directly to the account of an employee or beneficiary.
4. a fee that the bank will charge you when you deposit a check issued by a customer of another bank into your bank account.
5. 
   A federal agency that provides insurance on funds deposited with banks and thrift institutions up to $100,000.

5 Matching Questions

1. Promissory Note
2. Depositor
3. Check Stub-
4. Predatory Lending
5. Redlining

1. a Usually unlawful discriminatory banking (or insurance) practice whereby those living in or doing business in certain poor (or allegedly bad) neighborhoods are either denied credit (or insurance) or have to pay higher than normal rates.
2. b A person who adds money to their account.
3. c Any of a number of fraudulent, deceptive, discriminatory, or unfavorable lending practices.
4. d The part of a payroll check that includes information about the current paycheck as well as payments to date..
5. e
   A document signed by a borrower promising to repay a loan under agreed-upon terms also called note

5 Multiple Choice Questions

1. An arrangement in which a bank or vendor extends a specified amount of unsecured credit to a specified borrower for a specified time period.
   1. PIN Number
   2. Line Of Credit
   3. Online Access
   4. Money Order
2. 
   A number assigned a check by the financial institution
   1. Check Stub-
   2. Check fraud
   3. PIN Number
   4. Check Number-
3. A criminal act which involves the unlawful use of checks to illegally acquire or borrow funds that do not exist within the account balance or account-holder's legal ownership.
   1. Check Register
   2. Check Stub-
   3. Check Number-
   4. Check fraud
4. Financial cooperative created for and by its members who are its depositors, borrowers, and shareholders.
   1. Credit Union
   2. Check Stub-
   3. Check fraud
   4. Redlining
5. 
   Financial instrument, issued by a bank or other institution, allowing the individual named on the order to receive a specified amount of cash on demand.
   1. PIN Number
   2. Money Order
   3. Check fraud
   4. Endorse

5 True/False Questions

1. PIN Number →
   A number assigned a check by the financial institution

   True        False

2. Overdraft Protection → Financial cooperative created for and by its members who are its depositors, borrowers, and shareholders.

   True        False

3. Commercial Bank →
   Privately owned financial institution which (1) accepts demand and time deposits, (2) makes loans to individuals and organizations, and (3) provides services such as documentary collections, international banking, trade financing.

   True        False

4. Safe Deposit Box →
   Strong storage container maintained in the vault area of a bank and rented to bank customers for safekeeping of valuables.

   True        False

5. Endorse →
   To sign a legal document, such as a check.

   True        False