
FP Obj 2.3 Retail/banking products & services
Authored by Cynthia Bradshaw
Business
9th - 12th Grade
Used 23+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A guarantee that a check, ATM, wire transfer or debit card transaction will clear if the account balance falls below zero
lockbox
overdraft protection
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A form of prepaid debit cards preloaded with funds for future use
credit cards
gift cards
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
POS stands for
Personal Of Standards
Point of Sale
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Funds are electronically transferred from a customer or client’s bank account directly into your bank account through the Federal Reserve Bank’s Automated Clearing House (ACH) system.
Electronic check
Point of Sale
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
APY stands for
Annual Percentage Yesterday
Annual Percentage Yield
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The federal government insures bank accounts against loss up to
10,000
250,000 per depositor
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does CD stand for?
Certified Deposit
Certificate of Deposit
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