Banking & Personal Finance TEST

Financial institution that handles money.

• ATM

• Bank

• Budget

• Check

Which of the following allows customers to borrow money from a financial institution up to a certain limit?

• Debit card

• Credit card

• Trust account

• Safety deposit box

Which of the following is the definition of multi-factor authentication?

• Storing cash in a fire-proof safe

• More than one method of credential authentication to verify user identity

• Training employees to identify fraudulent bank notes

• Restricting access to bank locations to authorized personnel only

Which of the following allows customers to have their paycheck electronically deposited directly into their account?

• Electronic withdrawal

• Deposit slip

• Online payment

• Direct deposit

The electronic movement of money from one account to another is known as which of the following?

• Electronic funds transfer

• Financial electronic transaction

• Electronic movement of money

• Technology funds

A bank account where you deposit and withdraw money and earn interest on the balance.

• your parents

• a piggy bank

• savings account

• spendings account

Bank account that allows a customer to deposit and withdraw money.

• Savings Account

• Online Banking

• Checking Account

• Credit

A banking service allowing a customer's money to be handled and tracked.

• Savings Account

• Bank Account

• Checking Account

• ATM

Any card used repeatedly to borrow money or buy products.

• Debit Card

• Credit Card

• Loan

• Money Card

A monthly or yearly spending and savings plan.

• Check

• Credit

• Credit Union

• Budget