WorksheetsBanking Products & Services
Total questions: 20
Worksheet time: 10mins
What is the amount paid for an insurance policy called?
Premium
Deductible
Copayment
Out-of-pocket maximum
What type of financial institution handles deposit accounts, personal loans and mortgage lending?
Credit Unions
Savings & Loan Associations
Investment Banks
Payday Lenders
Electronic movement of money from one account to another.
Electronic Funds Transfer
Wire Transfer
Direct Deposit
Mobile Payment
What are financial instruments with ownership rights, debt rights, or rights to buy, sell or trade, such as stocks and bonds called?
Commodities
Securities
Derivatives
Currencies
Allows individuals to have their paycheck or other payments deposited directly into their account.
Direct Deposits
Wire Transfers
Cash Payments
Mobile Payments
What type of company provides financial coverage to protect individuals or organizations against possible adverse events in exchange for premium payments?
Insurance Companies
Investment Firms
Real Estate Agencies
Consulting Services
A ________ is a secure means of storing money while earning interest.
Checking Account
Savings Account
Investment Account
Certificate of Deposit
Line of credit issued to customers to cover checks or debits exceeding the amount in their account.
Overdraft Protection
Credit Card
Personal Loan
Savings Account
A ________ is a secure means of storing money in which individuals or business can deposit or withdraw money as needed.
Savings Account
Checking Account
Money Market Account
Certificate of Deposit
Receive, transfer and lend money to individuals, businesses and government.
Investment Banks
Commercial Banks
Credit Unions
Savings and Loans Associations
A ________ is a form of payment in which customers borrow money from a financial institution up to a certain limit, with added interest.
Debit Card
Credit Card
Prepaid Card
Cash Card
Electronic banking systems allowing customers to conduct financial transactions via the Internet.
Online Banking
Mobile Banking
ATM Services
Digital Wallets
A ________ is money borrowed for business reasons; to be repaid within a specific time frame and with added interest.
Personal Loan
Business Loan
Home Mortgage
Credit Card
Term for: 'Allows customers to pay bills or transfer money between accounts over the phone.'
Pay-by-Phone System
Mobile Banking App
Online Payment Portal
Telephone Bill Service
Organizations which accept deposits and provide loans.
Depository Financial Institutions
Investment Firms
Insurance Companies
Credit Unions
Electronic banking terminal which allows customers to complete basic transactions, such as deposits or withdrawals.
Automated Teller Machine
Point of Sale Terminal
Online Banking Portal
Mobile Payment App
What type of firm assists individuals in buying and selling securities among investors?
Investment Banks
Brokerage Firms
Hedge Funds
Mutual Funds
What is the term for the following definition? 'Provide financial services, such as checking and savings accounts, mortgages, credit cards and auto loans for individuals, families and small businesses.'
Retail Banks
Investment Banks
Commercial Banks
Central Banks
Form on online payment where money is electronically withdrawn from the customer’s account.
Electronic Checks
Credit Card Transactions
Wire Transfers
Digital Wallet Payments
Fill in the blank: ________ are companies engaged in the business of dealing with the monetary transactions of individual and commercial clients.
Financial Institutions
Retailers
Manufacturers
Service Providers
