Quiz: How Money Moves Behind every payment is a system moving your money. Test what you know about checks, ACH, and wire transfers. We have talked about checks before. But I’ve heard about something called check clearing. What is check clearing? Check clearing is the process through which money moves from one account to another …
Quiz: How Money Moves Behind every payment is a system moving your money. Test what you know about checks, ACH, and wire transfers. I was trying to set up a direct deposit, and it required a routing number. But what is a routing number? Routing number is a nine-digit number that is used to identify …
Quiz: What is Investing Before you invest a single dollar, make sure you know the basics. This short quiz tests your grasp of the core ideas every smart investor needs. What is liquidity? Liquidity means how easily an asset or investment can be converted into cash. If an asset can be easily bought or sold …
Introduction to Retirement Planning for Kids and Teens This video explains the concept of saving for retirement in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about retirement planning, or used as a money & personal finance resource by parents and teachers as part of …
What is Home Equity? Home equity is based on the fact that even if your home is in your name, you don’t really own 100% of it if you have borrowed money to buy it and are still repaying the mortgage. Home equity is the portion of your home that you truly own. Can you …
Quiz: Credit vs Debit Cards Credit card or debit card – do you know which to use and when? Test your knowledge of how each one works with this short, practical quiz. We’ve talked about credit cards before, but recently I heard about a virtual credit card. What is that? A virtual credit card is …
Infographic: Banks vs Credit Unions Comparison Quiz: Bank Accounts You use a bank account all the time, but do you know how it really works? Take this short quiz to find out how well you understand the basics of banking. In the past, we have talked about banks and credit unions. But they sound very …
Quiz: Everyday Risk Protection Protecting your money is not only about insurance. Test your grasp of identity theft, FDIC insurance, and financial safety nets. I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits …
Quiz: How Money Moves Behind every payment is a system moving your money. Test what you know about checks, ACH, and wire transfers. What is Direct Deposit? How is it different from a regular deposit or a check? Direct deposit is the deposit of money, directly from the bank account of the payer into the …
Quiz: Everyday Risk Protection Protecting your money is not only about insurance. Test your grasp of identity theft, FDIC insurance, and financial safety nets. What Is an Overdraft? An overdraft occurs when you try to withdraw more money than what you have in your account, making your account balance negative. What happens in this case? …
