WorksheetsPF OBJ 2.01 Vocab
Total questions: 13
Worksheet time: 7mins
Automated teller machine (ATM)
An account that allows quick access to funds for transactions
Businesses that provide financial services
The percentage rate used to calculate interest
A machine that allows individuals to complete certain transactions from the machine without human assistance
Checking account
An account that allows quick access to funds for transactions
For‐profit depository businesses that offer financial services to both consumers and other businesses
Businesses that provide financial services
Accounts offered by depository institutions whose main purpose is to help people manage their money
Commercial bank
For‐profit depository businesses that offer financial services to both consumers and other businesses
Depository institutions that offer many banking services and are owned by their customers
Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets and other mobile devices
A plastic card that is electronically connected to the cardholder’s depository institution account
Contactless payment
Payment transactions that can be completed with no physical connection between the payment device and the physical point of sale (POS) terminal or store clerk (Apple Pay/Cash App)
A plastic card that is electronically connected to the cardholder’s depository institution account
The percentage rate used to calculate interest
Accounts offered by depository institutions whose main purpose is to help people manage their money
Credit Union
Depository institutions that offer many banking services and are owned by their customers
The price paid for using someone else’s money
For‐profit depository businesses that offer financial services to both consumers and other businesses
A machine that allows individuals to complete certain transactions from the machine without human assistance
Debit card
Depository institutions that offer many banking services and are owned by their customers
A plastic card that is electronically connected to the cardholder’s depository institution account
The percentage rate used to calculate interest
Accounts offered by depository institutions whose main purpose is to help people manage their money
Depository institution
Businesses that provide financial services
An account at a depository institution that is designed to hold money not spent on current consumption
A debt or obligation owed to others
Money received
Interest
The price paid for using someone else’s money
The percentage rate used to calculate interest
Money spent
A measurement of how much a person or household owns once all debts have been paid
Interest rate
The percentage rate used to calculate interest
Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets and other mobile devices
An account at a depository institution that is designed to hold money not spent on current consumption
Accounts offered by depository institutions whose main purpose is to help people manage their money
Mobile banking
Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets and other mobile devices
Payment transactions that can be completed with no physical connection between the payment device and the physical point of sale (POS) terminal or store clerk
An account that allows quick access to funds for transactions
A machine that allows individuals to complete certain transactions from the machine without human assistance
Online banking
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
Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets and other mobile devices
Accounts offered by depository institutions whose main purpose is to help people manage their money
The percentage rate used to calculate interest
Savings account
An account at a depository institution that is designed to hold money not spent on current consumption
A plastic card that is electronically connected to the cardholder’s depository institution account
A debt or obligation owed to other
Personal property that was purchased to create a lifestyle or improve your life
Savings tool
Accounts offered by depository institutions whose main purpose is to help people manage their money
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
Depository institutions that offer many banking services and are owned by their customers
For‐profit depository businesses that offer financial services to both consumers and other businesses
