Ch.3 P.F. Vocab Quiz

The rate of interest you are being paid on your savings over a year's time?

• AFS

• APR

• APY

• ATM

The Amount of Money you have in your Account that is increasing due to interest?

• Savings Account

• BTM

• ATM

• High Yields Savings Account

Physical Location of a Bank

• Physical Location Bank

• Physical Bank

• Rick and Morty

• Brick and Mortar

Method of savings offered by banks that comes with a fixed term and a fixed interest rate (6 months to five years)?

• CDs

• Compound Interest

• Credit Union

• APR

Interest paid on your original deposit and on the interest earned which can be applied once a year, quarterly, monthly or daily?

• Interest

• Compound Interest

• CDs

• ATM

A card that pays for a transaction by deducting the cost directly from your Bank account?

• AFS

• Savings Account

• Debit Card

• Credit Card

When your Paycheck, transfer payment or refund automatically deposited into your checking or Savings account?

• Impending Check

• Direct Check

• Direct Account

• Direct Deposit

The Government agency that insures your bank accounts up to 250,000.00?

• FDIC

• NCUA

• Federal Reserve Bank

• Insufficient Funds

A Bank in which the transactions are only done online?

• Brick and Mortar

• Internet Bank

• Telephone Banking

• Withdrawal

a Bank account shared by two or more people who are official signatures on a account?

• Shared Account

• Minimum Account

• Joint Account

• Fusion Account