Banking Services

A ________________ is used to add funds to a bank account

• check

• deposit slip

• signature card

• withdrawal slip

Opening a checking account requires completing a signature card.

• true

• false

What is the difference between a bank and a credit union?

• Banks are a business and a credit union has members.

• Banks are non profits and credit unions are not/

• Credit unions have clients and banks have members.

• They are both the same.

Which of the following is not a reason banks and business have moved to electronic banking?

• Less paper and paperwork.

• Ability to employ more people.

• Prevents bounced or hot checks.

• Less chance of being robbed.

A bank card that serves as an alternative payment of cash.

• Credit card

• Debit card

• Credit Score

• Debit score

A timed deposit that acts as a loan to a bank and earns interest?

• Savings account

• Certificate of deposit

• Checking account

• Money market account

ATM is an electronic banking service

• True

• False

Commercial bank is an example of ........................

• Depository Institution

• Non-Depository Institution

• Financial Institution

a for-profit institution that offers a full range of financial services, including checking, savings, and lending

• Commercial Bank

• Investment Bank

• Insurance Company

A debit card is used with ........................

• an email

• a PIN

• an ID