Introduction to Depository Instructions

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

• Laptop
• ATM
• Bank
• Savings Account

What is a checking account?

• An account that allows quick access to your money
• To send money
• To take money
• To store money for retirement

What are commercial banks used for?

• Depository business
• Get a loan
• Mortgage a house
• Take money

Contactless payments are done with no physical contact

• True
• False

Credit unions are owned by their customers

• True
• False

What is a debit card?

• A card connect to a depository institution account
• A card that you use to put money 
• A prepaid card that you can load money with
• Something my mom gave me to use

A business that provides financial services is known as a Credit Union

• True
• False

The price paid for someone else's money is Interest Rate. 

• True
• False

The percentage rate used to calculate Interest is Interest Rate  

• True
• False

What is Mobile Banking?

• Able to use your bank threw an app
• A credit card used to load money
• Create a bank account
• an app used to shoot angry birds