Module 5
Objectives
1.
2.
3.
4.
5.
6.
7.
list the three tools of monetary asset management and how you would use them
explain the purpose of the FDIC and NCUA and state which institutions use them
describe a stop-payment order
explain the different components of a certificate of deposit
describe different types of endorsements on checks
identify ways to cover overdrafts on checking accounts
list four variables for the calculation of interest on deposits and provide a
definition for the annual percentage yield (APY)
8. differentiate between money market deposit accounts and money market
mutual funds
What is the purpose of FDIC and NCUA insurance? Which institutions do they each cover?
List keys points of the following:
Checking Accounts
Savings Accounts
Money Market Deposit Accounts
Money Market Mutual Funds
Certificates of Deposit
How can you prevent overdraft fees?
What does it mean to “opt-in”?
How can you endorse a check properly?
What is a stop-payment order?
What is the APY?
What are ETF’s?
List some safety tips for online banking.
What are the restrictions placed by Regulation D?
Summarize some differences between credit unions and banks.
What are positive “I” statements?
Define the following:
Intestate
Probate
Trust
Living Trust
State some key points of the following money personalities:
Hoarder
Spender
Binger
Money Monk
Money Avoider
Money Worrier
Money Amasser
Risk Avoider
Risk Taker
What are some good money management tools to teach children?
Describe Cost per Use
When can children start an IRA?