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Intro to Depository Institutions

Total questions: 13

Worksheet time: 12mins

Name
Class
Date
1.
A machine that allows individuals to complete certain transactions from machine without human assistance
a)
Savings tool
b)
Automated teller machine
c)
commercial bank
d)
online banking
2.
An account that allows quick access to funds for transactions
a)
online banking
b)
savings tool
c)
savings account
d)
checking account
3.
For-profit depository businesses that offer financial services to both consumers and other businesses
a)
checking account
b)
debit card
c)
commercial bank
d)
mobile banking
4.
Payment transactions that can be completed with no physical connection between the payment device and the physical point of sale terminal or store clerk
a)
contactless payment
b)
credit union
c)
debit card
d)
depository institutions
5.
Depository institutions that offer many banking services and are owned by their customers
a)
commercial bank
b)
credit union
c)
mobile banking
d)
online banking
6.
A plastic card that is electronically connected to the cardholder's depository institution account
a)
credit card
b)
debit card
c)
interest card
d)
savings card
7.
Businesses that provide financial services
a)
depository institution
b)
ATM
c)
online banking
d)
savings tool
8.
The price paid for using someone else's money
a)
interest rate
b)
debit card
c)
credit card
d)
interest
9.
The percentage rate used to calculate interest
a)
percentage
b)
rate of return
c)
interest rate
d)
interest accrual
10.
Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets and other mobile devices
a)
App store
b)
online banking
c)
mobile banking
d)
savings banking
11.
Allows customers to complete certain transactions from a secured internet site by using a username and password from any place in the world with internet access
a)
savings tool
b)
checking account
c)
online banking
d)
savings account
12.
An account at a depository institution that is designed to hold money not spent on current consumption
a)
ATM
b)
interest
c)
savings account
d)
interest rate
13.
Accounts offered by depository institutions whose main purpose is to help people manage their money
a)
debit card
b)
savings tool
c)
interest
d)
checking account