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Financial business vocab 2

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

FDIC Insurance

a)

A monthly fee that some banks charge to provide access to checking

b)

A certain amount of money that must be kept in an acc as required by that particular financial institution

c)

A mobile banking to that allows you to deposit checks to your bank acc using your mobile device

d)

Protection provided by the federal deposit insurance corporation

2.

Endorse

a)

A consumer banking technology that allows you to schedule

b)

A loan banks offer to their customers when they try to withdraw more funds than they have in their acc

c)

To sign the back of a check made out to you so it can be cashed

d)

A fee charged to your acc when it lacks the funds to cover a withdrawal

3.

Money order

a)

A certificate that allows the stated payer to receive cash on demand

b)

Protection provided by the federal deposit insurance corporation

c)

A fee paid to you for keeping your money in an acc

d)

A monthly fee that some banks charge to provide access to checking

4.

Interest

a)

A fee paid to you for keeping your money in an acc

b)

A certificate that allows the stated payed to receive cash on demand a

5.

Overdraft fee

a)

A consumer banking technology that allows you to schedule

b)

A fee charged to your acc when it lacks the funds to cover a withdrawal

6.

Online bill pay

a)

A consumer banking technology that allows you to schedule

b)

A mobile banking tool that allows you to deposit checks to your bank acc using your mobile device

7.

Mobile deposit

a)

A mobile banking tool that allows you to deposit checks to your bank acc using your mobile device

b)

To sign the back of a check made out to you so it can be cashed

8.

Overdraft protection

a)

A loan banks offer to their customers when they try to withdraw more funds than they have in their acc

b)

Protection provided by the federal deposit insurance corporation

9.

Minimum balance

a)

Certain amount of money that must be kept in a acc as required by that particular financial institution

b)

A mobile banking tool that allows you to deposit checks to your bank acc using your mobile device

10.

Maintenance fee

a)

A monthly fee that some banks charge to provide access to checking

b)

A loan banks offer to their customers when they try to withdraw more funds than they have in their acc