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Checking Out Depository Institutions Vocabulary

Total questions: 20

Worksheet time: 9mins

Name
Class
Date
1.

Business that offers and sells financial services

a)

Depository Institution

b)

Credit Union

c)

Commercial Bank

d)

Checking Account

e)

Checks

2.

Depository Institution owned by its members

a)

Depository Institution

b)

Credit Union

c)

Commercial Bank

d)

Checking Account

e)

Checks

3.

Depository institution that offers services to both consumers and businesses.

a)

Depository Institution

b)

Credit Union

c)

Commercial Bank

d)

Checking Account

e)

Checks

4.

Device that allows deposits and withdrawals using checks, debit cards and ATMs.

a)

Depository Institution

b)

Credit Union

c)

Commercial Bank

d)

Checking Account

e)

Checks

5.

Legal documents that functions like cash.

a)

Depository Institution

b)

Credit Union

c)

Commercial Bank

d)

Checking Account

e)

Checks

6.

Plastic card connected to your checking account.

a)

Debit card

b)

Personal Identification

Number (PIN)

c)

Automated Teller Machine

(ATM)

d)

Signature Card

e)

Savings tools

7.

Authorization to access accounts.

a)

Debit card

b)

Personal Identification

Number (PIN)

c)

Automated Teller Machine

(ATM)

d)

Signature Card

e)

Savings tools

8.

Unattended access to account using account card and PIN.

a)

Debit card

b)

Personal Identification

Number (PIN)

c)

Automated Teller Machine

(ATM)

d)

Signature Card

e)

Savings tools

9.

Verification of account ownership

a)

Debit card

b)

Personal Identification

Number (PIN)

c)

Automated Teller Machine

(ATM)

d)

Signature Card

e)

Savings tools

10.

Accounts storing money for emergencies or major purchases.

a)

Debit card

b)

Personal Identification

Number (PIN)

c)

Automated Teller Machine

(ATM)

d)

Signature Card

e)

Savings tools

11.

Money either gained or lost when accessing services offered by a depository institution.

a)

Interest

b)

Savings Account

c)

Money Market Account

d)

Certificate of Deposit

e)

Interest Rate

12.

Most basic savings tools with the lowest interest.

a)

Interest

b)

Savings Account

c)

Money Market Account

d)

Certificate of Deposit

e)

Interest Rate

13.

Savings tool requiring larger deposit and earning more interest.

a)

Interest

b)

Savings Account

c)

Money Market Account

d)

Certificate of Deposit

e)

Interest Rate

14.

Savings tool earning higher interest, but requiring a specified time obligation.

a)

Interest

b)

Savings Account

c)

Money Market Account

d)

Certificate of Deposit

e)

Interest Rate

15.

Percentage used annually to determine amount gained or lost on investment.

a)

Interest

b)

Savings Account

c)

Money Market Account

d)

Certificate of Deposit

e)

Interest Rate

16.

Using the statement, what period does this statement cover?

a)

41233-123-982

b)

January 1 2019----February 1 2019

c)

2018-11-01 to 2018-11-31

d)

1241--- 2019

17.

Using the statement, How much was the monthly fee for this account?

a)

$5.00

b)

$450

c)

$120.

d)

30.00

18.

Using the statement, did check 402 clear?

a)

yes, it cleared

b)

no, it did not clear

c)

you cannot answer this question with the information provided

19.

Using the statement, 41233-123-982 is the

a)

bank address

b)

Bank IP address

c)

the account number

d)

the date

e)

the check numbers

20.

How many deposits occurred during this statement?

a)

0

b)

2

c)

4

d)

6

e)

8