FP Obj 2.3 Retail/banking products & services

FP Obj 2.3 Retail/banking products & services

9th - 12th Grade

10 Qs

quiz-placeholder

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FP Obj 2.3 Retail/banking products & services

FP Obj 2.3 Retail/banking products & services

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

Cynthia Bradshaw

Used 23+ times

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10 questions

Show all answers

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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