Money and Banking

Money and Banking

Assessment

Flashcard

Other

10th Grade

Hard

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35 questions

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1.

FLASHCARD QUESTION

Front

A key difference between commercial banks and credit unions is that

Back

Commercial banks are ‘for‐profit’ and credit unions are ‘not‐for‐profit’.

2.

FLASHCARD QUESTION

Front

Common fees that may be charged by a depository institution include all EXCEPT: Overdraft fee, ATM fee, Minimum Balance fee

Back

Late fee

3.

FLASHCARD QUESTION

Front

A machine that allows individuals to complete certain transactions from the machine without human assistance

Back

ATM

4.

FLASHCARD QUESTION

Front

An account that allows quick access to funds for transactions

Back

checking account

5.

FLASHCARD QUESTION

Front

Depository institution owned by and operated for the benefit of its customers

Back

Credit Union

6.

FLASHCARD QUESTION

Front

A plastic card that can only be used at an ATM for banking transactions and not at point of sale

Back

ATM card

7.

FLASHCARD QUESTION

Front

A plastic card that can be used at an ATM or at a point of sale "POS" that immediately takes money from your depository account

Back

Debit Card

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