What do you Know about depository institutions?

Choose whether the statement describes a credit union, commercial bank, or both:

Anyone can open an account here

• Credit Union

• Commercial Bank

• Both

Choose whether the statement describes a credit union, commercial bank, or both:

Offers financial services

• Credit Union

• Commercial Bank

• Both

Choose whether the statement describes a credit union, commercial bank, or both:

Owned by their customers

• Credit Union

• Commercial Bank

• Both

Choose whether the statement describes a credit union, commercial bank, or both:

In business to make money

• Credit Union

• Commercial Bank

• Both

Choose whether the statement describes a credit union, commercial bank, or both:

Membership requirements to open an account

• Credit Union

• Commercial Bank

• Both

What are two benefits depository institutions can provide? (Choose all that apply)

• Keep Money Safe

• Earn Interest

• Know when you need a new job

What would be the three most important factors to consider when deciding which depository institution fits your needs? (Choose all that apply)

• Fees

• Features Offered

• Services

• Decor

What are two ways depository institutions keep your money safe? (Choose all that apply)

• Insurance

• Secure Safes and Networks

• Tracking down criminals

What is the difference between a checking account and a savings account?

• A checking account is designed to help with day to day money management because deposited funds may be accessed in a variety of ways.

  A savings account is designed to store money that will be used in the future.

• A checking account is designed to store money that will be used in the future.

  A savings account is designed to help with day to day money management because deposited funds may be accessed in a variety of ways.

Describe the difference between online banking and mobile banking.

• Online banking allows access from a computer.

  Mobile banking is specifically designed for mobile devices such as smartphones and tablets.

• Online banking allows is specifically designed for mobile devices such as smartphones and tablets

  Mobile banking access from a computer