Checking Out Depository Institutions Vocab

What is a depository institute?

• Bank or credit union

• Another phrase for checking account

• Business that offers and sells financial services

• Another phrase for debit card

What is a credit union?

When you put you debit card in an ATM you will need your...

Which savings tool gains the least amount of interest?

• Certificate of deposit

• Mutual Fund

• Savings Account

• Credit Card

Which savings requires you to leave the money in the account for a specified amount of time?

• Money Market Account

• Savings Account

• Certificate of Deposit

• Debit Account

A debit card is directly linked to your...

• Savings Account

• Credit Account

• Checking Account

Money gained on a savings tool like a CD or Money Market Account comes from...

Checks are...

At an ATM you can

• withdrawal money

• deposit money or checks

• look at your account balance

• all of the above

A credit card is linked to your checking account.

• True

• False