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Finding Financial Services Review. A financial institution that provides compensation in case of a disaster or accident.

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Presentation on theme: "Finding Financial Services Review. A financial institution that provides compensation in case of a disaster or accident."— Presentation transcript:

1 Finding Financial Services Review

2 A financial institution that provides compensation in case of a disaster or accident

3 Insurance Company

4 What should your parents do to save for your college education?

5 Open a savings account

6 What is the primary reason for the expansion of financial services?

7 Changes in technology that make more services available

8 What is a checking account feature that provides an automatic loan when you spend more than you have in your account?

9 Overdraft Protection

10 What do credit cards charge?

11 Interest

12 How do debit cards work?

13 Debit cards directly deduct funds from your account

14 True/False Online banking provides immediate access to your funds anytime, day or night

15 False

16 True/False Online banking automatically transfers funds instead of writing checks.

17 True

18 True/False Online banking can deposit checks automatically into your account.

19 True

20 True/False Online banking allows you to pay bills anytime, day or night.

21 True

22 Why do financial service providers charge fees?

23 To cover the cost of providing services to their customers

24 True/False The best way to build a relationship with a banker is to buy stocks and bonds from him/her.

25 False

26 True/False The best way to build a relationship with a banker is to open a checking account at his/her bank.

27 True

28 Who are banks chartered by?

29 Both state and federal governments

30 True/False If you only have a small amount of money to save, you probably want to buy stocks that are guaranteed to increase your earnings.

31 False

32 True/False If you only have a small amount of money to save, you probably want to open a savings accounts at your local bank or credit union.

33 True

34 True/False The best way to protect your coin collection is to get a safety deposit box at your bank.

35 True

36 True/False The best way to protect your coin collection is to buy an insurance policy.

37 False

38 Who is a person who assists others in buying investments such as stocks and bonds?

39 Stock Broker

40 Where can you get cash on the weekend?

41 ATM

42 Where does the cash come from when you are using the ATM?

43 Your Checking Account

44 What allows you to move money from your savings account when your checking account is too low to cover your paymen?

45 Overdraft Protection

46 True/False A bank specializes in home loans.

47 False

48 What company specializes in home loans?

49 Mortgage Company

50 True/False One of the costs associated with using a debit card is that you are charged interest on your purchases.

51 False

52 True/False One of the costs associated with using a debit card is that you can overspend by borrowing too much money.

53 False

54 One of the cost associated with using a debit card is that your spending is limited by the amount of interest you earn on your account.

55 False

56 One of the costs associated with using a debit card is that your spending is limited to the amount of money in your account.

57 True

58 True/False The primary purpose of a savings account is to assist with financial transactions.

59 False

60 True/False The primary purpose of a checking account is to allow you to buy now and pay later.

61 False

62 True/False The primary purpose of a checking account is to assist with financial transactions.

63 True

64 A career focused on buying newly created stocks in the primary market

65 Investment banker


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