Banking

Liam wants cash from his bank, but it is closed, He will use the ATM.

• credit card

• debit card

• savings account

Tyler works part time. He wants to have money for college when he graduates so he won't have to borrow money.

• credit card

• debit card

• savings account

Amirah is going to college and will not be able to visit her home bank very often. She needs a way to access her money and track what she spends.

• personal loan

• debit card

• online banking

NeDavi received a $50 savings bond. She needs a place to keep it until it matures.

• safe deposit box

• debit card

• online banking

Alex wants new clothes. He plans to visit several stores and does not plan to carry cash.

• credit card

• online banking

• personal loan

Dominic wants to verify his account balance from home. He has Internet access.

• savings account

• online banking

• safe deposit box

Jacayla wants to buy lunch for her friends but doesn't have any cash, and the restaurant will not take a check.

• debit card

• checking account

• online banking

Which of the following best describes a LOAN?

• Money borrowed that can be paid back if one feels like it.

• Money borrowed

• Money borrowed with the expectation of paying it back in a timely manner.

• Money gifted to someone with no expectation of payback.

Which Financial Institution is best described below: A not for profit members only institution known for their low interest loans.

• Bank

• Credit Union

• Savings & Loan

• Check Into Cash

True or False: A Savings & Loan provides customers with savings accounts and Mortgage (house) Loans

• True

• False