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Intro to Depository institutions Vocab

Intro to Depository institutions Vocab

Assessment

Flashcard

Business

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

Automated Teller Machine (ATM)

Back

A machine for completing transactions without human help.

2.

FLASHCARD QUESTION

Front

Type of account for quick fund access:

Back

Checking account

3.

FLASHCARD QUESTION

Front

Type of bank providing services to consumers and businesses?

Back

Commercial bank

4.

FLASHCARD QUESTION

Front

Contactless payment:

Back

Transactions completed without physical connection between payment device and POS terminal.

5.

FLASHCARD QUESTION

Front

Credit Union:

Back

A depository institution offering banking services, owned by customers.

6.

FLASHCARD QUESTION

Front

Debit card:

Back

Electronically linked to the cardholder’s bank account.

7.

FLASHCARD QUESTION

Front

Depository institution?

Back

A business that provides financial services.

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