Ramsey Classroom Chapter 8 Financial Services

People who struggle w/money often turn to alternative financial services like payday loans but these cost them more $

Main differences between checking and savings accounts

Liquidity is ...

It's your responsibility to know about all of the ___ before choosing a bank

If you prefer great customer service and lower fees...

Verifying your bank's online account statements for accuracy is called _____

As the owner of your account, managing your money is ____ responsibility

A debit card linked with your checking account is a good payment option for regular spending

Overdraft protection sounds like a good idea...

You should avoid any bank service that leads to ...

Overdrafting your account is a sign of diligence and responsibilty

A debit card, ATM access, payroll direct deposit and checks are basic features of ________

Benefits of keeping your money in a bank or credit union are ...

How do banks make money

The FDIC and NCUA keep your money in the bank insured up to ____ per account

Credit Unions differ from retail banks in that they typically require membership based on specific criteria

Distrust, unemployment, and bank fees are excuses people give for ...

The process of balancing your account means

With certificates of deposit (CDs), you have to pay a penalty for _____

What does it mean to be blacklisted by a bank?

Something that all of the predetaory financial services have in common is ...

If you see a charge you don't recognize, you should report it to your bank immediately

An easy way to avoid ending up with errors in your checking account is to simply ...

Banks invest their customers' deposited money and then ...

Make sure your bank has plenty of _____ and _____.

With online banks, all of your deposits, transfers and bill payments happen digitally, but ...

Balancing your checking account is a lot like working on your budget because ...

A bank can help you ___ your money and keep it ___

If you see "pending" on an account charge, that means ...