5 Written Questions

1. Allows check to be transferred to a second party
2. One of the five C's of credit--Money invested in the business
3. Banking terminology for the act of writing a check, depositing or withdrawing money, or using your debit card
4. Form to record all transactions including deposits, checks, debit card purchases, additional fees, and ATM use--keeps a running balance for a checking account
5. Piece of paper pre-printed with checking account holder's name, address, financial institution and identification numbers--used as a form of payment

5 Matching Questions

1. Payroll Card
2. Phishing
3. Checking Account
4. Share Draft Account
5. Verification Number

1. a Criminal attempts to get you to divulge personal information using an email scheme
2. b Checking account at a credit union
3. c Wages are transferred to card similar to a debit card--employee is allowed to withdraw money at ATM or purchase goods and services at a POS
4. d Service provided by financial institutions (banks, savings and loans, credit unions, etc.) which allows individuals and businesses to deposit money and withdraw funds from a federally-insured account
5. e Three digit code on back of debit/credit card--helps ensure card is in cardholder's possession when making purchases and, thus, prevent unauthorized use

5 Multiple Choice Questions

1. Full-service institution that offers a wide variety of banking services
   1. Commercial Bank
   2. Payroll Card
   3. Check
   4. Online Banking
2. Electronic computer terminal located at the checkout of a store--allows consumer to use a debit card to make purchase
   1. Point-of-sale (POS) Terminal
   2. Contactless Payment
   3. Collateral
   4. Bank Statement
3. One of the five C's of credit--Economic factors (general state of the economy) that might affect ability to repay
   1. Credit Union
   2. Conditions
   3. Transaction
   4. Capital
4. No physical connection is required between payment device and the point-of-sale (POS) terminal or store clerk to complete a transaction
   1. Endorsement
   2. Recurring Payments
   3. Contactless Payment
   4. Direct Payments
5. Fed's chief body for monetary policy
   1. FOMC (Federal Open Market Committee)
   2. Federal Reserve Bank
   3. ATM (automated teller machine)
   4. Special Endorsement

5 True/False Questions

1. Share Account → Savings account at a credit union

   True        False

2. Collateral → One of the five C's of credit--A clean credit history

   True        False

3. Bounced Check → Check not paid due to lack of funds in the account

   True        False

4. Board of Governors → Write regulations that make commercial banks financially sound and the national economy strong

   True        False

5. Reconcile → Balance the check register each month to the balance shown on the statement

   True        False