Unit 3 Lesson 1 Vocabulary Quiz

A ___________ helps people complete their money transactions safely, quickly, and conveniently.

• debit

• interest

• financial institution

• credit

A for profit institution that offers personal loans, mortgages, and other services.

• debit

• credit union

• interest

• bank

A not for profit cooperative that offers bank services and its owned by its members.

• bank

• credit union

• internet bank

• mobile banking

A business that provides money related services is called a financial institution.

• Ture

• False

A fee received or paid for the use of money.

• debit

• credit

• interest

• credit union

A web-only bank is an on-line bank.

• True

• False

A wireless service that allows financial transactions by using an app or web browser.

• credit union

• mobile banking

• online banking

• financial institution

An electronic way to view your account activity and pay bills.

• financial institution

• credit union

• bank

• online banking