Debit & Credit Lessons 1-4

_____________ help people complete4 transactions with their money safely, quickly and conveniently.

• financial institutions

• credit unions

• banks

• internet bank

• mobile banking

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

• financial institutions

• credit unions

• banks

• internet bank

• mobile banking

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

• online banking

• credit unions

• banks

• internet bank

• mobile banking

A financial institution that is only on the web . . . it does not offer brick-and-mortar branches.

• online banking

• credit unions

• banks

• internet bank

• mobile banking

A wireless service that allows financial transactions by using an app or Web browser from a mobile device.

• online banking

• interest

• cash

• internet bank

• mobile banking

An electronic way to view account activity and pay bills via the internet and an institution's website.

• online banking

• interest

• cash

• internet bank

• mobile banking

A card authorizing the holder to buy goods and services that can be paid for later.

• credit card

• interest

• cash

• credit

• debit

A card authorizing the holder to buy goods and services as if they were paying cash. The money is immediately subtracted from the cardholder's bank account when a purchase is made.

• credit card

• interest

• debit card

• credit

• debit

The amount of financial trust extended to a person or a business by a lender; a loan.

• credit card

• interest

• debit card

• credit

• debit

An amount deducted from a bank account.

• credit card

• interest

• debit card

• credit

• debit