Personal Finance Review

Business that offers and sells financial services

• Depository Institution

• Automated Teller Machine (ATM)

• Savings Tools

• E-banking

Which of these are savings tools? (select all that apply)

• Checking account

• Money Market account

• Savings account

• Certificate of Deposit

True or False: A credit union is owned by its members.

• True

• False

True or False: A savings account pays the highest interest.

• True

• False

Money either gained or lost when accessing services offered by a depository institution is called...

Legal documents that function like cash.

What is necessary for you to use your bank account?

• PIN

• Phone Number

• Signature Card

• Proof of Residence

What are all the ways you can access your bank account without having to go to the bank?

• Automated Teller Machine (ATM)

• By calling your bank

• Mobile Payments

• Through email

• Mobile Checking Deposits

True or False: A debit card functions just like a credit card, it just has a different name.

• True

• False

What kind of depository institution offers services to both consumers and businesses?

• Commercial Bank

• Credit Union